Group 1 - The total sales value of Hong Kong's retail industry is estimated to have increased by 1% year-on-year to HKD 380.5 billion last year [1] - Deloitte forecasts that Hong Kong's retail sales will grow nearly 8% year-on-year to approximately HKD 410 billion by 2026, driven by the gradual recovery of the Chinese economy [1] - Key retail categories expected to drive growth include jewelry and watches (up 19%), clothing and footwear (up 16%), pharmaceuticals and cosmetics (up 11%), and department stores (up 10%) [1] Group 2 - Deloitte suggests that the Hong Kong government should further deepen and expand the development of the events economy by supporting large-scale sports events, concerts, exhibitions, and international conferences to attract more visitors [2] - Utilizing Kai Tak Sports Park and Kai Tak Cruise Terminal for more flagship events can enhance Hong Kong's international image and solidify its position as a tourism hub and convention city [2]

香港特区政府发言人表示，去年12月零售总销货价值继续稳步复苏；2025年全年合计，零售业总销货价 值恢复轻微增长。展望未来，在良好的经济增长势头支持下，本地消费气氛正在改善，加上访港游客数 字持续明显增长，会继续对零售业务有利。(完) 数据显示，2025年全年的零售业网上销售价值的临时估计为357亿港元，同比上升12.8%。 2月3日，香港特区政府统计处公布，2025年全年香港零售业总销货价值的临时估计为3805亿港元，同比 上升1%。图为2025年12月，香港市民在"第59届工展会"购物。 (资料图) 中新社记者 陈永诺 摄 中新社香港2月3日电 香港特区政府统计处3日公布，2025年12月香港零售业总销货价值的临时估计为 350亿港元，同比上升6.6%。2025年全年香港零售业总销货价值的临时估计为3805亿港元，同比上升 1%。 2025年全年与2024年全年比较，其他未分类消费品，珠宝首饰、钟表及名贵礼物，电器及其他未分类耐 用消费品，药物及化妆品等类别的销货价值录得上升；超级市场货品、服装、百货公司货品，汽车及汽 车零件等类别的销货价值录得下降。 ...

Core Viewpoint - The retail sector in Hong Kong shows a continued recovery with a significant year-on-year increase in total sales value, driven by various retail categories and improved consumer sentiment [3]. Group 1: Retail Sales Performance - The estimated total retail sales value for November 2025 is HKD 33.7 billion, representing a 6.5% increase compared to November 2024 [1]. - The revised estimate for total retail sales value in October 2025 shows a 6.9% increase compared to October 2024 [1]. - For the first eleven months of 2025, the total retail sales value is estimated to have increased by 0.4% compared to the same period in 2024 [1]. Group 2: Online Sales Growth - In November 2025, online sales accounted for 11.2% of total retail sales, with an estimated online sales value of HKD 3.8 billion, up 28.4% from November 2024 [1]. - The revised estimate for online sales value in October 2025 shows a 27.2% increase compared to October 2024 [1]. - For the first eleven months of 2025, the estimated online sales value increased by 11.4% compared to the same period in 2024 [1]. Group 3: Sales Volume Analysis - The estimated total sales volume for November 2025 increased by 4.4% compared to November 2024, after adjusting for price changes [1]. - The revised estimate for total sales volume in October 2025 shows a 5.3% increase compared to October 2024 [1]. - For the first eleven months of 2025, the estimated total sales volume decreased by 0.9% compared to the same period in 2024 [1]. Group 4: Category-Specific Sales Performance - The sales value of electrical and other classified durable goods increased by 38.6% in November 2025 compared to November 2024 [2]. - Other categories with sales increases include jewelry and watches (3.6%), other unclassified consumer goods (5.5%), and clothing (3.0%) [2]. - Conversely, supermarket goods saw a decline of 2.1%, with other categories like fuel and furniture also experiencing significant decreases [2]. Group 5: Seasonal Adjustments - The seasonally adjusted total retail sales value for the three months ending November 2025 increased by 3.9% compared to the previous three months [2]. - The seasonally adjusted total sales volume for the same period increased by 2.2% [2].

Core Insights - The total sales value of Hong Kong's retail industry in October 2025 is estimated at HKD 35.2 billion, representing a year-on-year increase of 6.9% [1][3] - Online sales accounted for 14.6% of the total retail sales value, with an estimated online sales value of HKD 5.2 billion, marking a year-on-year increase of 27.2% [1][3] Retail Categories Performance - The sales value of electrical and other unclassified durable consumer goods increased by 24.6% year-on-year [3] - Jewelry, watches, and luxury gifts saw a year-on-year sales value increase of 9.5% [3] - Other unclassified consumer goods experienced a year-on-year increase of 9.7% [3] - Categories such as food, alcoholic beverages, tobacco, department store goods, and clothing also recorded year-on-year increases [3] - However, supermarket goods saw a year-on-year decrease in sales value of 1.8% [3] Market Outlook - The spokesperson for the Hong Kong government indicated that the increase in retail sales value in October accelerated compared to September, suggesting a strengthening recovery trend in retail sales [3] - The ongoing improvement in consumer sentiment, along with a significant rise in visitor numbers to Hong Kong, is expected to continue supporting the retail business [3]

Core Insights - The total retail sales value in Hong Kong for October 2025 is estimated at HKD 35.2 billion, representing a year-on-year increase of 6.9%, indicating a continued recovery in retail sales momentum [1] Retail Sales Performance - Online sales accounted for 14.6% of the total retail sales value in October, with an estimated value of HKD 5.2 billion, showing a year-on-year increase of 27.2% [1] - The cumulative online sales value for the first ten months of the year is estimated to have increased by 9.5% year-on-year [1] Category Analysis - The sales value of electrical and other unclassified durable consumer goods increased by 24.6% year-on-year [1] - The sales value of jewelry, watches, and luxury gifts rose by 9.5% year-on-year [1] - Conversely, the sales value of supermarket goods decreased by 1.8% year-on-year, and the sales value of automobiles and auto parts fell by 20.1% year-on-year [1] Seasonal Adjustments - The seasonally adjusted total retail sales value for the three months ending in October increased by 3.0% compared to the previous three months [1] - The seasonally adjusted total retail sales volume for the same period rose by 1.4% [1] Future Outlook - The spokesperson for the Hong Kong government indicated that the year-on-year increase in total retail sales value has accelerated further, with most major retail categories continuing to see growth [1] - Future improvements in consumer sentiment and a significant increase in visitor numbers to Hong Kong are expected to provide ongoing support for the retail sector [1]

Core Insights - The retail sales value in Hong Kong for October 2025 is estimated at HKD 35.2 billion, representing a year-on-year increase of 6.9% compared to October 2024 [1] - Online sales accounted for 14.6% of the total retail sales value in October 2025, with an estimated value of HKD 5.2 billion, marking a significant increase of 27.2% from the same month in 2024 [1] - The overall retail sales quantity in October 2025 increased by 5.3% year-on-year after adjusting for price changes [1] Retail Sales by Category - The sales value of electrical and other unclassified durable goods rose by 24.6% in October 2025 compared to October 2024 [2] - Jewelry, watches, and luxury gifts saw a sales value increase of 9.5%, while other unclassified consumer goods rose by 9.7% [2] - Supermarket goods experienced a decline in sales value by 1.8%, with automotive and automotive parts seeing a significant drop of 20.1% [2] Seasonal Adjustments - The seasonally adjusted retail sales value for the three months ending October 2025 increased by 3.0%, while the seasonally adjusted retail sales quantity rose by 1.4% [2] Future Outlook - The improving consumer sentiment and a significant increase in visitor arrivals to Hong Kong are expected to continue supporting the retail sector [3]

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 - Hong Kong's retail sales value for August is estimated at HKD 30.3 billion, representing a year-on-year increase of 3.8%, marking the highest level since December 2023 and indicating a stabilization in the retail sector [1] Retail Performance - The retail sector has recorded positive growth for four consecutive months, suggesting a stabilization in market conditions despite the modest growth percentage [1] - Jewelry, watches, and luxury gifts saw a significant increase of 16.4%, attributed to rising gold prices, while many other categories experienced only slight increases or decreases [1] Impact of Tourism - The upcoming National Day Golden Week is expected to attract more tourists to Hong Kong, which is believed to be influenced by government initiatives to promote events, potentially increasing foot traffic [1] - Although increased foot traffic does not guarantee a corresponding rise in business, the influx of tourists is viewed positively [1] Weather Influence - The retail sector's performance in September was adversely affected by three typhoons, highlighting the severe impact of weather on retail sales [1] - The adverse weather conditions hindered promotional activities that retailers had planned for September [1]

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]