The Census and Statistics Department (C&SD) of Hong Kong released its latest figures on retail sales for April 2025 on 2 June 2025.
The value of sales from jewellery, watches and clocks and valuable gifts slightly dropped by 1.7 percent year on year in April 2025 to HK$3.69 billion (around $469.9 million), an improvement from March’s 3.4 percent decline.
The value of total retail sales in April 2025, provisionally estimated at HK$28.9 billion (around $3,68 billion), decreased by 2.3 percent compared with the same month in 2024. The revised estimate of the value of total retail sales in March 2025 decreased by 3.5 percent compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased by 5.6 percent compared with the same period in 2024.
A government spokesperson said that retail sales performance showed signs of stabilisation in recent months. The value of total retail sales recorded a modest year-on-year decline of 2.3 percent in April 2025. The decline narrowed further in April compared with the previous months despite the effect of the late arrival of the Easter holidays this year (in mid-April this year but in the junction of March and April last year) when more residents made outbound trips during the month.
Looking ahead, the spokesperson said that the government's proactive promotion of tourism and mega events will help stimulate the consumption market. Increase in employment earnings and sustained steady growth of the mainland economy will also bolster consumption sentiment. These factors will be supportive to the retail sector, though ongoing changes in consumption patterns and competition among businesses amid the uncertain macroeconomic environment will still pose challenges.
10-06-2025
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