---
title: "The total value of retail sales in Hong Kong in April decreased by 2.3% year-on-year, but fell short of expectations"
description: "In April, Hong Kong's total retail sales value fell by 2.3% year-on-year, lower than the market expectation of a 3% increase. The decline in March was 3.5%. The total retail sales value for the first "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242761795.md"
published_at: "2025-06-02T08:34:29.000Z"
---

# The total value of retail sales in Hong Kong in April decreased by 2.3% year-on-year, but fell short of expectations

> In April, Hong Kong's total retail sales value fell by 2.3% year-on-year, lower than the market expectation of a 3% increase. The decline in March was 3.5%. The total retail sales value for the first four months of this year decreased by 5.6%. Online sales accounted for 8.1% of the total sales value, a year-on-year decrease of 3.5%. Among various goods, the largest decline was in automobiles and auto parts, which fell by 53.4%. The government stated that there are signs of stabilization in the retail sector

The government statistics department announced that the provisional estimate of the total retail sales value for April this year was HKD 28.9 billion, a year-on-year decrease of 2.3% (the market had originally expected a year-on-year increase of 3%). The revised estimate for the total retail sales value in March this year showed a year-on-year decrease of 3.5%. Compared to the same period last year, the provisional estimate of the total retail sales value for the first four months of this year decreased by 5.6%.

In April this year, online sales accounted for 8.1% of the total retail sales value. The provisional estimate of the online sales value for that month was HKD 2.3 billion, a year-on-year decrease of 3.5%. The revised estimate for the online sales value in March this year showed a year-on-year decrease of 0.5%. Compared to the same period last year, the provisional estimate of the online sales value for the first four months of this year decreased by 2.2%.

After excluding price changes, the provisional estimate of the total retail sales volume for April this year showed a year-on-year decrease of 3.3%. The revised estimate for the total retail sales volume in March this year showed a year-on-year decrease of 4.7%. Compared to the same period last year, the provisional estimate of the total retail sales volume for the first four months of this year decreased by 7.2%.

Analyzing the provisional estimates of sales value by major retail categories from high to low, in April this year compared to April last year, the sales value of supermarket goods decreased by 2.4%. This was followed by jewelry, watches, and luxury gifts (sales value decreased by 1.7%); clothing (decreased by 5.6%); automobiles and auto parts (decreased by 53.4%); fuel (decreased by 12.5%); footwear, related products, and other clothing accessories (decreased by 5.1%); furniture and fixtures (decreased by 16.7%); and optical shops (decreased by 0.2%).

On the other hand, in April this year compared to the same month last year, the sales value of other unclassified consumer goods increased by 13.4%. This was followed by medicines and cosmetics (sales value increased by 7.2%); food, alcoholic beverages, and tobacco (increased by 3.0%); electrical appliances and other unclassified durable consumer goods (increased by 1.6%); department store goods (increased by 2.1%); books, newspapers, stationery, and gifts (increased by 11.7%); and traditional Chinese medicine (increased by 3.8%).

A government spokesperson stated that there are signs of stabilization in the retail sector in recent months. The total retail sales value in April showed a slight year-on-year decrease of 2.3%. Compared to earlier months, the decline in April further narrowed, despite the later arrival of the Easter holiday this year (which fell in mid-April, compared to March and April last year), leading to more residents traveling abroad that month.

Looking ahead, the spokesperson pointed out that the government's active promotion of tourism and major events will help stimulate consumer spending. The increase in local employment income and the steady growth of the mainland economy will also boost consumer sentiment. These factors will support the retail sector, although the ongoing changes in consumption patterns and competition among businesses will still pose challenges to the industry under the uncertainty of the macroeconomic environment

### Related Stocks

- [562390.CN - Yinhua CSI Chinese Medicine ETF](https://longbridge.com/en/quote/562390.CN.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 索羅斯逆市加碼微軟及 Nvidia 等科企 新買入黃金股 清倉 4 隻股份 | 索羅斯基金管理公司在 2022 年第四季度加大對微軟、英偉達和蘋果等大型科技股的投資，同時增持黃金股以對衝風險。基金還增持了 Atlassian、Salesforce 和 Uber 等軟體公司股票，但大幅減持了 Snowflake 和 Ci | [Link](https://longbridge.com/en/news/275990619.md) |
| 馬斯克旗下 Grok 美國市佔升至近 18% 未受傳播色情內容影響 | 馬斯克旗下的 AI 聊天機器人 Grok 在美國的市場份額已升至近 18%，成為第三大聊天機器人，僅次於 ChatGPT 和 Google Gemini。儘管 Grok 捲入生成色情內容的爭議，但其使用率未受影響。分析師認為，社交媒體平台  | [Link](https://longbridge.com/en/news/275965405.md) |
| 川普稱將訪委內瑞拉 但時間未定 | （法新社華盛頓 13 日電）美國總統川普今天表示，他計劃訪問委內瑞拉，並重申滿意委國臨時總統表現。川普今天告訴媒體「我將訪問委內瑞拉」，但目前尚未決定時間。美軍 1 月抓捕時任委內瑞拉總統馬杜洛（Nicolas Maduro）後，由原副總統 | [Link](https://longbridge.com/en/news/275981379.md) |
| 阿里傳大膽加碼淘寶閃購 3 年沒虧損負擔 力爭市佔率超越美團 | 阿里巴巴（9988）計劃在淘寶閃購上加大投入，力爭在 2026 年市佔率超越美團。管理層鼓勵團隊在未來三年內不承受虧損，重點發展即時零售，特別是高客單價訂單。儘管股價一度下跌，阿里仍將繼續探索到店業務，並計劃在春節後全面推進其戰略。 | [Link](https://longbridge.com/en/news/275711000.md) |
| 金監總局約談攜程高德等六家出行平台 借貸業務存在問題 | 金融監管總局與市監局對攜程旅行、高德地圖、飛豬旅行、同程旅行、航旅縱橫和去哪兒旅行等六家出行平臺進行約談，指出其在借貸業務中存在問題。要求企業規範營銷行為，避免誤導性宣傳，清晰披露貸款信息，提示理性借貸，並改善客戶投訴處理，提升服務質量，保 | [Link](https://longbridge.com/en/news/275891504.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.