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Hong Kong retail sales rise 2.4% in May, first increase in over a year

Published 02/07/2025, 10:48
Hong Kong retail sales rise 2.4% in May, first increase in over a year

Investing.com -- Hong Kong’s retail sales increased by 2.4% in May compared to the same month last year, marking the first year-over-year rise in more than 12 months, according to government data released Wednesday.

Sales reached HK$31.3 billion ($3.99 billion) in May, a notable turnaround from April when retail sales had declined by 2.3% year-over-year.

When measured in volume terms, May retail sales grew by 1.9% compared to the same period last year. This growth contrasts with April’s revised 3.3% volume decline.

The May figures represent a positive shift for Hong Kong’s retail sector after experiencing more than a year of declining sales.

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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