Retail sales in Hong Kong rose 2.3% year-on-year in July 2026, unchanged from the previous month and remaining the weakest annual growth since July 2025. Growth slowed for food, alcoholic drinks and tobacco (1.2% vs 1.9% in June) and consumer durable goods (2.4% vs 6.3%), while sales of clothing, footwear and allied products (-2.1% vs 0.2%) tumbled. Meanwhile, growth accelerated for jewelry, watches and clocks, and valuable gifts (9.4% vs 7.4%) and other consumer goods (5.5% vs 4.3%). Declines also eased for supermarkets (-0.1% vs -0.8%) and fuels (-27.9% vs -28.3%), while department store sales rebounded (0.6% vs -4.4%). On a monthly basis, retail sales fell 0.9%, narrowing from a 6.8% decline in June.