Hong Kong retail sales rose 12.8% in March YoY to HK$33.9 billion ($4.33 billion), the 11th consecutive month of gains, government data showed. In volume terms, sales surged 9.8% YoY. For Q1 2026, total retail sales value increased 12.1%. A government spokesperson cited recovering local demand, sustained inbound tourism growth, and a favorable macro-financial environment as near-term positives. Visitor arrivals in March rose 14% YoY to 4.35 million, including a 15.9% increase in mainland Chinese visitors to 3.19 million. By category, jewelry, watches, and gifts rose 27.2%; motor vehicles jumped 80.8%; and clothing and footwear gained 5.9%.

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