Hong Kong August retail sales rise 5.6%

HONG KONG, Oct ‌2 (Reuters) - Hong ​Kong's ​August retail sales value jumped 5.6% from a year earlier to HK$32.1 billion ($4.09 billion) for ‌a 16th month of gains, government data showed ⁠on Friday.

• In July, retail sales value rose 4.5% on ‌the year

• Growth was ‌seen across many types of retail outlets, while online retail sales value grew notably, reflecting a continued ​shift in consumer spending towards digital channels

• For the first eight months of 2026, the total ⁠retail sales value increased by 8.5% from a year earlier

• "Looking ahead, sustained ​economic expansion and rising labour earnings should support local consumption sentiment and spending," a ​government spokesperson said, with growth ‌in visitor arrivals to further inject vibrancy into the sector

• Visitor arrivals in August ⁠rose 5.9% y/y to 5.46 million, data from the Hong Kong Tourism Board showed. The number of mainland Chinese ⁠visitors increased 8.2% y/y to 4.57 million

• Sales of jewellery, ​watches, clocks and valuable gifts rose 11.9% y/y in August after a revised 19.9% growth in July

• Sales of motor vehicles ‌and parts decreased 22% y/y in August following a revised 18.3% drop in ‌July

• Sales of clothing, footwear and allied products slipped ⁠0.3% in August after ‌a 1.6% fall ​in July

($1 = 7.8465 Hong Kong dollars)

(Reporting by Hong Kong newsroomEditing by David Goodman and Alison ‌Williams)

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