Hong Kong February retail sales drop 13%, challenges seen ahead

City's retailers battle extended slump

Staff reporter Hong Kong's retail sales fell for the 12th straight month, seeing a 13 percent year-on-year drop in February, sharper than January's 3.1 percent, partly due to the earlier Chinese New Year in 2025. The value of total retail sales was estimated to be HK$29.4 billion. It was...

Hong Kong retail sales fall 12 straight months as Shenzhen rivalry stings

HONG KONG -- Retail sales in Hong Kong fell for the 12th straight month in February, underscoring the plight of merchants and hotels as local resident

Hong Kong February retail sales drop 13%, challenges seen ahead

Hong Kong retail sales drop for 12th straight month in February, down by 13%

Some analysts expect weak sentiment to continue throughout 2025 amid changing consumption patterns among mainland tourists, other factors.

The Census and Statistics Department released the latest retail sales figures today (31st). The provisional estimate of total retail sales value in February this year was HK$29.4 billion, down 13.0% from the same month last year. Compared with the same period last year, the provisional estimate of total retail sales value in the first two months of this year fell 7.8%. ...