Hong Kong retail sales value rises 12.8 percent in March

Hong Kong retail sales rose 12.8% to HK$33.9 billion in March, marking an 11th consecutive month of growth. The expansion reflects recovering local demand and inbound tourism. Sustained spending growth signals a stabilizing macro-financial environment for regional consumer-facing assets.

For the first quarter, retail sales value increased 12.1% year-on-year, while volume rose 9.8%. A government spokesperson said the near-term outlook remains positive due to recovering local demand, sustained growth in inbound tourism, and a favorable macro-financial environment.