Hong Kong's retail sales jumped 19.3% in February from the previous year, marking the 10th consecutive month of gains. Sales reached HK$35 billion ($4.47 billion), representing the strongest percentage increase since June 2023.
Visitor arrivals in February increased to 5.14 million, up 40.2% year-over-year. Chinese mainland visitors surged 53.4% to 4.25 million, driving demand across retail categories.
Sales of jewelry, watches, and valuable gifts rose 24.2% year-over-year. Clothing and footwear sales increased 14.1% following minimal growth in January.
Retail activity expanded 17.5% by volume in February, compared to just 3.5% in January, signaling robust consumer demand. Government officials expect continued support from inbound tourism and economic resilience.