Sales of luxury goods in Hong Kong rose 7% year on year in June, an improvement from the previous month’s 3.2% drop.
Revenue from jewelry, watches, clocks and valuable gifts totaled HKD 4.57 billion ($582 million) in June, the municipality’s Census and Statistics Department reported Thursday. Sales across all retail categories increased 0.7% to HKD 30.01 billion ($3.83 billion).
The luxury-goods category was one of the few sectors that grew year on year in June. Meanwhile, retail sales showed signs of stabilization in recent months, a government spokesperson commented.
Hard-luxury sales slid 6% to HKD 24.84 billion ($3.16 billion) for the first six months of 2025. Sales in all categories dropped 3.3% to HKD 185.14 billion ($23.59 billion) for the same period.
“Continued increase in employment earnings, buoyant local stock market, coupled with the government’s proactive efforts in promoting tourism and mega events and also enterprises’ strenuous effort in providing more diversified experiences, [will] provide support to the consumption sentiment in the domestic market and businesses of the retail sector,” the spokesperson added.
Image: Tsim Sha Tsui shopping district in Hong Kong. (Shutterstock)