Financial News: Hong Kong Retail Sales Rise 1.8%

Hong Kong Retail Sales Rise 1.8%

09/01/2025 - 07:56:00 (RTTNews)

(RTTNews) - Hong Kong's retail sales value increased for the third straight month in July, preliminary data from the Census and Statistics Department showed on Monday.

The value of retail sales climbed 1.8 percent year-on-year in July, faster than the 0.7 percent rise in June.

Online sales, which accounted for 8.7 percent of the total sales value in July, surged by 13.2 percent from last year versus a 13.1 percent growth in the previous month.

Sales of jewelry, watches and clocks, and valuable gifts alone grew by 9.4 percent, and sales at department stores were 2.6 percent higher. Demand for other consumer goods climbed by 8.4 percent, while that for consumer durable goods declined by 9.1 percent.

The volume of retail sales rebounded 1.0 percent annually versus a 0.3 percent drop a month ago.

Looking ahead, local consumption sentiment should remain steady, while the government's proactive efforts in promoting tourism and mega events will also benefit retail businesses, a government spokesman said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Turkey Manufacturing Downturn Eases In August (04 min(s), 15 sec(s) ago)
(RTTNews) - The manufacturing activity in Turkey deteriorated at a slower pace in August despite a ...Full Story»

Czech Manufacturing Activity Remains In Contraction (35 min(s), 15 sec(s) ago)
(RTTNews) - The Czech Republic's manufacturing activity deteriorated further in August amid su ...Full Story»

Downturn In UK Manufacturing Sector Continues (58 min(s), 15 sec(s) ago)
(RTTNews) - The UK manufacturing sector continued to shrink in August on faster declines in new or ...Full Story»

UK Mortgage Approvals Rise To 6-Month High (01 hr(s), 15 min(s), 15 sec(s) ago)
(RTTNews) - UK mortgage approvals increased to the highest in six months in July but secured lendi ...Full Story»

Hong Kong Retail Sales Rise 1.8% (01 hr(s), 39 min(s), 15 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value increased for the third straight month in July, pre ...Full Story»

Eurozone Manufacturing Growth At 38-Month High (01 hr(s), 55 min(s), 15 sec(s) ago)
(RTTNews) - The euro area manufacturing activity grew at the fastest pace in more than three years ...Full Story»

Greece Manufacturing Growth Strongest In 5 Months (02 hr(s), 20 min(s), 15 sec(s) ago)
(RTTNews) - Greece's manufacturing activity expanded at the quickest pace in five months amid ...Full Story»

Poland Q2 GDP Growth Unrevised At 3.4% (02 hr(s), 52 min(s), 15 sec(s) ago)
(RTTNews) - The Polish economy expanded at an accelerated pace as initially estimated in the sec ...Full Story»