Hong Kong's retail sales by value rose by 0.7% in June from a year earlier, the second consecutive month of gains, government data showed on Thursday. Sales increased to HK$30.1 billion ($3.8 billion). In May, retail sales rose 2.4% compared with the same month a year before. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. In volume terms, June retail sales decreased 0.3% from a year earlier, compared with a 1.9% rise in May. For the first half of 2025, the value of total retail sales decreased by 3.3% compared with the same period in 2024, and volume fell 4.7%. Advertisement · Scroll to continue
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However, many visitors from mainland China are visiting only for a day and keeping a tight rein on spending. At the same time, local residents are spending more across the border, taking advantage of the Hong Kong dollar's relative strength against the Chinese yuan. Sales of jewellery, watches, clocks and valuable gifts rose 6.8% year-on-year in June after a 3.2% drop in May. Sales of clothing, footwear and allied products fell 4.7% year-on-year in June after a 0.3% rise in May. ($1 = 7.8499 Hong Kong dollars)
