WhatsApp
Email
Facebook
Twitter
LinkedIn
Sales of hard-luxury goods in Hong Kong grew in January as the retail sector continued its recovery.
Revenue from jewelry, watches, clocks and valuable gifts jumped 31% to HKD 5.85 billion ($748.3 million) for the month, the municipality’s Census and Statistics Department reported Wednesday. This was the ninth consecutive month the luxury segment advanced. Sales across all retail categories climbed 6% to HKD 37.31 billion ($4.77 billion).
Although a higher base resulting from the early arrival of the Chinese New Year in 2025 weighed on January’s year-on-year comparison, the retail sector maintained its positive trajectory.
“On a seasonally adjusted comparison, the value of total retail sales increased visibly in January over the preceding month,” a government spokesperson commented. “Looking ahead, the robust economic growth momentum and the sustained growth in inbound visitors will continue to underpin local consumption, thereby benefiting retail businesses.”
Image: A Hong Kong shopping district. (Shutterstock)
