Hong Kong’s retail sales rose by 15.9 per cent in November last year compared with the same month in 2022, official figures released on Thursday showed, growth the government attributed to the revival of inbound tourism.
But industry leaders and economists noted the overall figure still fell short of pre-pandemic levels and said they did not expect double-digit increases to extend into the new year.
Sales in November reached HK$34.2 billion (US$4.38 billion), marking the twelfth consecutive month of improvement, according to provisional figures released by the Census and Statistics Department.
A government spokesman said the growth matched the “revival of inbound tourism”, adding the “expected further recovery” of the industry would continue to drive up retail sales.
“Continued improvement in household income, as well as various promotional…
