A focus on Hong Kong’s economy and trade

A focus on Hong Kong’s economy and trade

According to a report of Hong Kong Trade Development Corporation Research, Hong Kong’s economy expanded by 3.0 % (1.5 %) in real terms in the first three quarters of 2013, the same figure is estimated for all of 2013

Local consumption demand and tourist spending remained fairly resilient. The value of retail sales, in nominal terms increased 11.6 % in the first 11 months of 2013 as against the same period of 2012.

The latest unemployment rate was 3.2 % for the three months period ending December 2013. Consumer prices increased 4.3 % in 2013, the upside risks to inflation are contained in the near term.

Hong Kong’s merchandise exports 2013 expanded by 3.6 %. Demand conditions in the advanced economies on the whole were still sluggish and exports across many Asian economies remained subdued.

Details can be had from the following tables.

Major Economic Indicators (Table 1)

1390902216097_4521540128etihk01_452154

 

Merchandise Trade Performance (Table 2)

1390902508160_4521540128etihk02_4521542

 

Service Trade Performance (Table 3)

1390902608465_4521540128etihk03_4521543

 

 www.hktdc.com


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