Hong Kong's November retail sales rise 6.5% on sustained recovery momentum

[HONG KONG] Hong Kong’s annual retail sales rose 6.5 per cent in November in value terms for a seventh month of gains, boosted by a sustained recovery in momentum, government data showed on Friday (Jan 2).

Sales stood at HK$33.7 billion (S$5.56 billion). In October, retail sales had risen 6.9 per cent over the corresponding month a year before.

In volume terms, November retail sales rose 4.4 per cent from a year earlier, versus a rise of 5.3 per cent in October.

For the first 11 months of 2025, the value of total retail sales rose 0.4 per cent compared with a year earlier, while volume fell 0.9 per cent.

“Looking ahead, the gradual improvement in local consumption sentiment amid sustained economic growth, coupled with the vibrant growth in inbound visitors, will continue to benefit retail businesses,” a government spokesperson said.

November visitor arrivals surged to 4.19 million, up 17.4 per cent on the year, figures from the Hong Kong Tourism Board showed, with visitors from mainland China accounting for 3.04 million, an increase of 18.9 per cent in their numbers year-on-year.

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Sales of jewellery, watches, clocks and valuable gifts rose 3.6 per cent in November on the year after October’s revised increase of 9.4 per cent.

Sales of clothing, footwear and allied products increased 2 per centyear-on-year in November following a rise of 0.9 per cent in October. REUTERS