Hong Kong’s retail sales rise 5.5% in January as tourists loosen purse strings
Hong Kong’s retail sales rose 5.5 per cent year on year in January, with authorities crediting inbound tourism for supporting the sector. Provisional figures released by the Census and Statistics Department on Wednesday showed sales reached HK$37.3 billion (US$4.77 billion) in January, marking the ninth straight month of growth since May 2025, after 14 consecutive months of decline. The increase ended a four-month streak of growth above 6 per cent, but the government cautioned that the slower...
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Hong Kong’s retail sales rise 5.5% in January as tourists loosen purse strings
Hong Kong’s retail sales rose 5.5 per cent year on year in January, with authorities crediting inbound tourism for supporting the sector. Provisional figures released by the Census and Statistics Department on Wednesday showed sales reached HK$37.3 billion (US$4.77 billion) in January, marking the ninth straight month of growth since May 2025, after 14 consecutive months of decline. The increase ended a four-month streak of growth above 6 per cent, but the government cautioned that the slower...
By Leopold Chen
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