Hong Kong retail sales grew 5.5% YoY in January 2026 to HK$37.3 billion ($4.8 billion), marking the ninth consecutive month of expansion, government data showed. Sales volume increased 3.4%, moderating from December’s 5.1% growth, partly reflecting Chinese New Year falling in February 2026 versus in January in 2025. Jewelry, watches, and gifts led gains with a 31.1% surge, while electrical goods rose 38.7%. Footwear and apparel tumbled 19.9%. Online sales rose 25.1% to HK$3 billion ($386 million), accounting for 8.1% of total retail value. Visitor arrivals reached 4.81 million, up 1.5% YoY.

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