HK retail sales up 6.9% YOY in October

Hong Kong's retail sales have grown by 6.9% YoY to reach HK$35.2 billion in October, marking the strongest growth recorded so far this year.

According to the latest figures released by the Census and Statistics Department, the revised estimate of the value of total retail sales in September 2025 increased by 6.0% compared with a year earlier. For the first 10 months of 2025 taken together, it was provisionally estimated that the value of total retail sales remained at a similar level when compared with a year earlier.

Of the total retail sales value in October 2025, online sales accounted for 14.6%. The value of online retail sales in that month, provisionally estimated at HK$5.2 billion, increased by 27.2% compared with the same month in 2024.

The revised estimate of online retail sales in September 2025 increased by 27.2% compared with a year earlier. For the first 10 months of 2025 taken together, it was provisionally estimated that the value of online retail sales increased by 9.5% compared with the same period in 2024.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in October 2025 increased by 5.3% compared with a year earlier. The revised estimate of the volume of total retail sales in September 2025 increased by 4.8% compared with a year earlier. For the first 10 months of 2025 taken together, the provisional estimate of the total retail sales decreased by 1.5% in volume compared with the same period in 2024.

Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing October 2025 with October 2024, the value of sales of electrical goods and other consumer durable goods not elsewhere classified increased by 24.6%.

This was followed by sales of jewellery, watches and clocks, and valuable gifts (+9.5% in value); other consumer goods not elsewhere classified (+9.7%); food, alcoholic drinks and tobacco (+6.0%); commodities in department stores (+5.8%); wearing apparel (+0.9%); medicines and cosmetics (+3.8%); footwear, allied products and other clothing accessories (+1.1%); and optical shops (+4.4%).

On the other hand, the value of sales of commodities in supermarkets decreased by 1.8% in October 2025 over a year earlier. This was followed by sales of motor vehicles and parts (-20.1% in value); fuels (-8.7%); books, newspapers, stationery and gifts (-0.6%); furniture and fixtures (-2.3%); and Chinese drugs and herbs (-6.6%).

Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 3.0% in the three months ending October 2025 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales increased by 1.4%.

A government spokesman said that the recovery in retail sales gathered strength in October. The value of total retail sales rose by 6.9% over a year earlier, picking up further from the increase in the preceding month. Sales of most broad retail outlet types continued to grow.

Looking ahead, ongoing improvement in local consumer sentiment and sustained notable growth in visitor arrivals should continue to render support to retail businesses.

Don't miss: HK retail sales up 5.9% YOY in September

Hong Kong's retail landscape is gradually recovering, with retail sales rising 5.9% YoY to reach HK$31.3 billion in September. October’s results marked the sixth consecutive month of retail sales growth, driven by improving local consumer sentiment and inbound tourism.

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