Hong Kong’s retail sector maintained upward momentum in September 2025, marking the fifth consecutive month of YoY growth. Official data showed retail sales climbed 5.9% to HK$31.3 billion ($4.0 billion), driven by tourism recovery and steady local consumption. In volume terms, retail sales increased 4.8% YoY. Luxury goods showed strength, with jewelry, watches, and valuable gifts rising 9.1% in September, building on August’s 16.4% jump. However, fashion struggled, as clothing and footwear sales fell 10.2%. September visitor arrivals increased 8% to 3.29 million, including 2.46 million from mainland China, a 7% rise.