Retail sales in Hong Kong rose by 5.3% year-on-year in October 2025, accelerating from a 4.8% gain in the previous month. It marked the strongest growth since November 2023, driven by higher sales of food, alcoholic beverages, and tobacco (3.8% vs 1.7% in September) and department stores (6.3% vs 2.6%). Trade in clothing, footwear, and allied products also rebounded (1.4% vs -7.8%), while fuel sales declined at a slower pace (-8.9% vs -14.5%). Conversely, sales moderated for consumer durable goods (17.1% vs 21%), jewelry, watches, clocks, and valuable goods (0.9% vs 6%), as well as other consumer goods (5.6% vs 5.7%). In addition, supermarket sales declined notably (-3.5% vs -0.4%). On a monthly basis, retail activity climbed 11.5% in October, from 2.7% in the prior month, marking the highest monthly increase since December 2022.