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Hong Kong Retail Sales Plummet 13%, Hope for Rebound

3/31/2025

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Summary

Story summary

Hong Kong's retail sector continues to struggle, with sales plummeting 13% year-on-year in February, marking the 12th straight month of decline. The earlier Lunar New Year exacerbated this downturn, surpassing January's 3.1% drop. However, hope glimmers on the horizon as experts predict a rebound in March and April, fueled by government support and increasing job earnings.

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Story summary

Hong Kong's retail sector continues to struggle, with sales plummeting 13% year-on-year in February, marking the 12th straight month of decline. The earlier Lunar New Year exacerbated this downturn, surpassing January's 3.1% drop. However, hope glimmers on the horizon as experts predict a rebound in March and April, fueled by government support and increasing job earnings.