The Census and Statistics Department (C&SD) of Hong Kong has reported a 9.5% increase in retail sales for the month of November 2012 when compared to the corresponding month in 2011.
Sales touched $36.5bn for November while the revised estimates for October totalled $35.5.
The report further reveals that the overall sales surge is driven by a 40.5% increase in sales of consumer durable goods along with increase in electronic goods sales by 16.8%.
Other product categories that saw a significant jump include opticals; jewellery, watches and clocks; medicines and cosmetics.
Commenting on the sales figures C&SD spokesperson attributed the increase to the growing number of visitors to the Island state.
The spokesman added that looking ahead, the vibrant inbound tourism and still largely stable job and income conditions should remain supportive to the retail business in the near term.
Sales of furniture and fixtures meanwhile dropped by 10.2% in November 2012 along with a 5.5% dip in the sales of motor vehicles and parts.
Books, newspapers, stationery and gifts were some of the other categories to decline over the month.