Core Insights - The total retail sales value in Hong Kong for September is estimated at HKD 31.3 billion, representing a year-on-year increase of 5.9% [1] - Online sales accounted for 12.5% of the total retail sales, with an estimated value of HKD 3.9 billion, showing a year-on-year increase of 27.3% [1] - Sales of electrical and other unclassified durable goods increased by 31.3% year-on-year, while supermarket goods rose by 2.0%. Conversely, clothing sales decreased by 5.4%, and sales of automobiles and auto parts fell by 4.1% [1] - The Hong Kong government spokesperson indicated that the retail sector continues to recover, with most major retail categories experiencing varying degrees of sales growth [1] - Future outlook suggests that improving local consumer sentiment and the continued growth of tourism will support the retail business [1]

Core Insights - The total estimated retail sales value in Hong Kong for September 2025 is HKD 31.3 billion, representing a year-on-year increase of 5.9% compared to September 2024 [2][4] - The total retail sales value for August 2025 was revised to show a 3.9% increase compared to August 2024, while the cumulative retail sales value for the first nine months of 2025 shows a temporary estimate decline of 1.0% compared to the same period in 2024 [2] - Online sales accounted for 12.5% of the total retail sales value in September 2025, with an estimated online sales value of HKD 3.9 billion, marking a significant year-on-year increase of 27.3% [2][3] Retail Sales Performance - The estimated retail sales value by major retail categories in September 2025 shows significant increases in various sectors, with electrical and other classified durable goods rising by 31.3%, supermarkets by 2.0%, and jewelry, watches, and luxury gifts by 9.1% [3] - Conversely, clothing sales value decreased by 5.4%, with other declines noted in automotive parts (down 4.1%), stationery and gifts (down 5.3%), and furniture (down 17.3%) [3] Seasonal Adjustments - The seasonally adjusted total retail sales value for the third quarter of 2025 increased by 1.4% compared to the second quarter, while the seasonally adjusted total sales volume rose by 0.5% [3] Future Outlook - The spokesperson for the Hong Kong government indicated that the retail sector continues to recover, with improving local consumer sentiment and a growing tourism industry expected to support retail business moving forward [4]

Core Insights - Hong Kong's retail sales value recorded a year-on-year increase of 3.8% in August 2025, amounting to HKD 30.3 billion, marking the fourth consecutive month of growth [1][2]. Group 1: Retail Performance - The sales value of jewelry, watches, and luxury gifts rose by 16.4% compared to the same month last year, while other unclassified consumer goods increased by 14.2% [1]. - Categories such as pharmaceuticals, cosmetics, clothing, electrical appliances, and other durable goods also experienced growth [1]. - Conversely, supermarkets, automotive products, and fuel categories saw a year-on-year decline in sales [1]. Group 2: Market Outlook - The Hong Kong Retail Management Association indicated that the retail market is stabilizing, bolstered by an increase in tourists during the National Day holiday and government initiatives to promote events [2][3]. - The local consumption atmosphere is expected to remain stable, supported by a continuous rise in visitor numbers and government efforts to boost tourism and event-driven activities [2].

Core Viewpoint - The retail sector in Hong Kong shows a slight increase in sales value for July 2025, indicating a potential recovery in consumer sentiment driven by large events and a rebound in the stock market [1] Retail Sales Performance - The total estimated sales value for Hong Kong's retail industry in July 2025 is HKD 29.7 billion, representing a 1.8% increase compared to the same period last year [1] - Online retail sales for July 2025 are estimated at HKD 2.6 billion, marking a 13.2% increase year-on-year [1] - By category, the sales value for supermarkets increased by 0.2%, while other unspecified consumer goods rose by 9.8%, and jewelry, watches, and luxury gifts increased by 9.4%. Conversely, the sales value for food, alcoholic beverages, and tobacco decreased by 3.1% [1] Year-to-Date Performance - The total estimated sales value for the first seven months of the year shows a decrease of 2.6% compared to the same period last year [1] Future Outlook - The Chief Economist and Strategist of Dah Sing Financial Group suggests that ongoing large-scale events and the recent recovery of the Hong Kong stock market may help boost consumer sentiment in the short term [1] - A government spokesperson indicates that the retail sector's performance remains stable, and consumer sentiment is expected to remain steady, supported by government efforts to promote tourism and major events [1]

Group 1 - The total retail sales value in July 2025 is estimated at HKD 29.7 billion, representing a year-on-year increase of 1.8% compared to July 2024 [1] - The total retail sales value for June 2025 was revised to show a 0.7% increase compared to June 2024 [1] - The total retail sales value for the first seven months of 2025 is estimated to have decreased by 2.6% compared to the same period in 2024 [1] Group 2 - Online sales accounted for 8.7% of the total retail sales value in July 2025, with an estimated value of HKD 2.6 billion, up 13.2% from July 2024 [1] - The online sales value for June 2025 was revised to show a 13.1% increase compared to June 2024 [1] - The total online sales value for the first seven months of 2025 is estimated to have increased by 2.1% compared to the same period in 2024 [1] Group 3 - The estimated total retail sales quantity in July 2025 increased by 1.0% year-on-year, while the revised estimate for June 2025 showed a decrease of 0.3% compared to June 2024 [1] - The total retail sales quantity for the first seven months of 2025 is estimated to have decreased by 4.0% compared to the same period in 2024 [1] Group 4 - In July 2025, the sales value of supermarkets increased by 0.2%, while other unclassified consumer goods saw a rise of 9.8% [2] - Jewelry, watches, and luxury gifts sales value increased by 9.4%, and clothing sales rose by 1.3% [2] - Conversely, the sales value of food, alcoholic beverages, and tobacco decreased by 3.1%, with automotive parts seeing a decline of 12.4% [2] Group 5 - The seasonally adjusted total retail sales value for the three months ending July 2025 increased by 2.1% compared to the previous three months [2] - The seasonally adjusted total retail sales quantity for the same period increased by 2.0% [2] Group 6 - A government spokesperson indicated that the retail sector's performance remains stable, with a slight acceleration in the year-on-year growth rate [3] - The local consumption atmosphere is expected to remain steady, supported by government efforts to promote tourism and major events [3]

Core Viewpoint - The retail sector in Hong Kong showed signs of recovery in May 2025, with total sales value increasing by 2.4% compared to May 2024, despite a decline in the previous month [1][2]. Group 1: Retail Sales Performance - The estimated total retail sales value for May 2025 was HKD 31.3 billion, up 2.4% from May 2024 [1]. - The revised estimate for total retail sales value in April 2025 showed a decline of 2.3% compared to April 2024 [1]. - The total retail sales value for the first five months of 2025 was estimated to have decreased by 4.0% compared to the same period in 2024 [1]. Group 2: Online Sales Insights - Online sales accounted for 8.3% of the total retail sales value in May 2025, with an estimated value of HKD 2.6 billion, a slight increase of 0.3% from May 2024 [1]. - The revised estimate for online sales value in April 2025 showed a decline of 3.7% compared to April 2024 [1]. - The total online sales value for the first five months of 2025 was estimated to have decreased by 1.7% compared to the same period in 2024 [1]. Group 3: Sales Volume Analysis - The estimated total sales volume in May 2025 increased by 1.9% compared to May 2024, after adjusting for price changes [1]. - The revised estimate for total sales volume in April 2025 showed a decline of 3.3% compared to April 2024 [1]. - The total sales volume for the first five months of 2025 was estimated to have decreased by 5.5% compared to the same period in 2024 [1]. Group 4: Category-wise Sales Performance - Among retail categories, the sales value of "other unclassified consumer goods" rose by 8.9% in May 2025 compared to May 2024 [2]. - Supermarket goods saw a sales value increase of 1.3%, while clothing sales rose by 0.4% [2]. - Conversely, jewelry, watches, and luxury gifts experienced a sales value decline of 3.2%, with furniture and fixtures seeing a significant drop of 12.0% [2]. Group 5: Seasonal Adjustments and Future Outlook - The seasonally adjusted total retail sales value for the three months ending May 2025 increased by 4.1% compared to the previous three months [2]. - The seasonally adjusted total sales volume for the same period rose by 7.0% [2]. - The government anticipates that ongoing adjustments in consumer behavior, along with initiatives to boost tourism and local employment, will enhance consumer sentiment and support the retail market [3].

Group 1 - The core viewpoint of the news indicates a decline in Hong Kong's retail sales value, with April 2025 showing a 2.3% decrease compared to April 2024, and a cumulative decline of 5.6% in the first four months of 2025 compared to the same period in 2024 [1][3] - Online sales accounted for 8.1% of the total retail sales value in April 2025, with an estimated value of 2.3 billion HKD, reflecting a 3.5% decrease from April 2024 [1] - The total retail sales quantity in April 2025 decreased by 3.3% year-on-year, with a cumulative decline of 7.2% in the first four months of 2025 compared to the same period in 2024 [1] Group 2 - By category, supermarket goods saw a 2.4% decline in sales value in April 2025 compared to April 2024, while jewelry, clothing, and automotive parts experienced significant drops of 1.7%, 5.6%, and 53.4% respectively [2] - Conversely, certain categories such as other unclassified consumer goods and pharmaceuticals showed increases in sales value, with rises of 13.4% and 7.2% respectively [2] - Seasonally adjusted retail sales value increased by 4.2% in the three months ending April 2025 compared to the previous three months, indicating a potential recovery trend [2] Group 3 - A government spokesperson noted signs of stabilization in Hong Kong's retail sector, with the decline in April being less severe than in previous months, despite the later timing of the Easter holiday affecting local spending [3] - Future prospects for the retail sector are supported by government initiatives to boost tourism and local employment income, alongside steady growth in the mainland economy [3] - Challenges remain due to macroeconomic uncertainties and shifting consumer patterns, which continue to impact the retail industry [3]

Core Insights - The retail sales value in Hong Kong for March 2025 is estimated at HKD 30.1 billion, a decrease of 3.5% compared to March 2024 [1] - The total retail sales value for January and February 2025 was revised down by 7.8% compared to the same period in 2024 [1] - The estimated total retail sales value for the first quarter of 2025 shows a decline of 6.5% compared to the first quarter of 2024 [1] Retail Sales Breakdown - Online sales accounted for 8.1% of the total retail sales value in March 2025, with an estimated value of HKD 2.4 billion, down 0.5% from March 2024 [1] - The revised online sales value for January and February 2025 decreased by 2.4% compared to the same period in 2024 [1] - The estimated total retail sales quantity for March 2025 fell by 4.8% year-on-year, with a decline of 9.9% for January and February combined [1] Category Analysis - The sales value for jewelry, watches, and luxury gifts decreased by 3.9%, while clothing saw a decline of 10.8% [2] - The automotive sector experienced a significant drop of 46.4%, while furniture and fixtures fell by 17.3% [2] - Conversely, sales for supermarkets increased by 5.2%, and food, alcoholic beverages, and tobacco rose by 7.8% [2] Seasonal Adjustments - The seasonally adjusted retail sales value for the first quarter of 2025 increased by 3.8% compared to the fourth quarter of 2024, while the quantity rose by 2.2% [2] - The government spokesperson noted that the retail sales value for March 2025 showed a further month-on-month increase after seasonal adjustments, indicating a narrowing year-on-year decline [2] Future Outlook - The retail sector is expected to benefit from steady economic growth in mainland China, government initiatives to boost tourism, and rising employment income [3] - However, challenges remain due to increasing uncertainties in the global economic outlook and ongoing changes in consumer behavior [3]