FX.co ★ Hong Kong Retail Sales Hit Highest since 2023

Retail sales in Hong Kong experienced a year-on-year increase of 3.2% in August 2025, marking the most significant growth since December 2023. This upturn follows a downwardly revised growth of 0.9% in July. The surge in sales was chiefly bolstered by enhanced demand in categories such as clothing, footwear, and related products, which rose 4.9% compared to July's 2.3% increase. Additionally, sales of jewellery, watches, clocks, and valuable gifts jumped by 14.1%, up from a 7.0% rise in the previous month. Other consumer goods saw a rise of 7.9%, improving from a 6.3% gain in July, while the decline in consumer durable goods lessened significantly to -2.4% from -9.5%. However, the sectors for fuels and food, alcoholic drinks, and tobacco continued to witness downturns, with sales decreasing by 11.6% and 5.1% respectively, compared to July's contractions of 8.9% and 4.3%. On a month-to-month basis, retail trade grew by 2.3% in August, recovering from a 1.0% decrease in July 2025.