FX.co ★ Hong Kong's Retail Sales Slow Down in November as Growth Moderates

Hong Kong's retail sales growth eased in November, showing signs of moderation as the year-end approached. Fresh data updated on January 2, 2026, revealed that retail sales growth reached 6.5% compared to the same period last year, marking a decline from the 6.9% recorded in October 2025.

The year-over-year analysis indicates a slight cooling in consumer spending as the months progressed. Despite the deceleration, the figures still reflect a robust increase when viewed against the backdrop of previous economic scenarios. Analysts suggest that while the growth has tempered, the resilience in Hong Kong’s retail sector hints at a steady consumer confidence prevailing despite broader economic challenges.

As businesses and policymakers digest these figures, the focus remains on sustaining consumer momentum in an ever-changing economic landscape, hoping to build on the relatively strong retail performance of the past months.