Retail sales in Hong Kong rose 0.7% year-on-year in June, marking the second consecutive month of growth. Total sales reached 30.1 billion Hong Kong dollars (approximately US$3.8 billion). The increase in May was 2.4%.
However, sales volume decreased by 0.3% in June. In May, volume had increased by 1.9%. In the first half of 2025, total retail sales value decreased by 3.3%, and volume by 4.7%.
The recovery in tourism continues to support domestic demand. The number of visitors to Hong Kong in June rose to 3.48 million (11% increase). However, this figure lagged behind the 4.08 million in May.
Visitors from mainland China increased by 12% in June to 2.61 million. However, officials note that most of these visits are day trips and spending levels remain limited. Meanwhile, it is emphasized that locals prefer cross-border shopping, taking advantage of the Hong Kong dollar’s strength against the Chinese yuan.
Looking at product groups, sales of jewelry, watches and precious souvenirs increased by 6.8% in June, compared to a 3.2% decrease in May.
In contrast, clothing and footwear sales decreased by 4.7%.The government believes that tourism-promoting activities and the efforts of businesses offering diversified shopping experiences will increase confidence in the sector.
