Hong Kong retail sales slide enters 14th month with 2.3% April dip

From Yahoo Finance: 2025-06-03 09:49:00

Hong Kong’s retail sales continued to decline for the 14th consecutive month in April 2025, dropping by 2.3% to an estimated $28.9 billion. The provisional estimate showed a 3.3% year-on-year decline, with online retail sales down by 3.5% at $2.3 billion.

Despite the later occurrence of Easter in 2025, some sectors reported growth, including other consumer goods, medicines, food, and electrical goods. However, supermarkets, apparel, fuels, furniture, motor vehicles, and optical items saw declines in sales.

The government anticipates that proactive tourism promotion and economic growth will support the retail sector. Challenges remain due to changing consumption patterns and competition amidst an uncertain macroeconomic environment. Department store commodities, books, and Chinese drugs reported sales growth in April.



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