Hong Kong’s retail sector closed out 2025 on a slightly stronger footing, with year-over-year retail sales growth ticking up to 6.6% in December, from 6.5% in November. The figures, updated on 3 February 2026, compare sales in each month with the same period a year earlier.
The December data indicate that consumer spending momentum in Hong Kong remained broadly stable at the end of the year, with only a marginal acceleration from November. While the improvement is modest, the steady pace of year-on-year growth through the final months of 2025 suggests underlying demand has held up in the face of ongoing global economic uncertainty.
According to the comparison methodology, both the current and previous readings measure changes relative to the same month a year earlier, meaning December’s 6.6% reflects an increase over December of the prior year, while November’s 6.5% is measured against November a year earlier. This provides a consistent view of how retail activity evolved across the final two months of 2025.
