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Hong Kong retail sales drop 3.2% in January despite tourist surge

Published 03/03/2025, 11:10
Hong Kong retail sales drop 3.2% in January despite tourist surge

Investing.com -- Hong Kong’s retail sales experienced a decrease in value by 3.2% in January, compared to the same month last year.

This marks the 11th consecutive month of decline, according to government data released on Monday. This downturn occurred despite an increase in the number of tourists visiting the region.

The total retail sales in January amounted to HK$35.3 billion ($4.5 billion). The rate of decline has narrowed compared to the revised 9.6% decrease recorded in December. This is attributed to the earlier celebration of the Lunar New Year this year.

Retail sales in January fell 5.2% in terms of volume from the same period the previous year. This is in contrast to the revised 11.3% decrease in December and an 8.4% drop in November.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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