Hong Kong’s retail sales surge in highest gain since mid-2023.
the macao news.
2026/05/03
Hong Kong’s retail sector surged in February, offering its clearest sign yet that the city’s consumption recovery is taking hold, powered by a rebound in tourism and steady local demand. Government data show total retail sales value jumped 19.3 per cent year on year to about HK$35 billion in February, the strongest growth since mid‑2023 and the tenth consecutive monthly gain. In volume terms, sales rose 17.5 per cent, indicating that the upswing is being driven by real spending rather than price effects. Because the Lunar New Year fell in mid‑February this year rather than late January, officials urged looking at January and February together, when retail sales by value climbed 11.8 per cent and volume grew 9.8 per cent from a year earlier. The rebound has closely tracked a sharp rise in visitor arrivals, especially from mainland China. The Hong Kong Tourism Board reported 5.14 million visitors in February, up 40.2 per cent year on year, including 4.25 million mainland tourists, a 53.4 per cent increase. Authorities expect tourism to remain a key growth engine in 2026 as new attractions and events are rolled out to refresh the city’s global appeal. Higher‑value and discretionary categories are at the forefront of the recovery. Over the first two months of 2026,…
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