Mstyslav Chernov
GDP growth quickened by 1.5% from the prior quarter.
According to FactSet's survey of analysts, a better growth rate of 5.2% was anticipated for the third quarter.
Hong Kong's GDP increased by 0.1% from July to September compared to analysts' expectations of a 1.4% increase. The GDP decreased 1.3% from the previous quarter to the second.
In Hong Kong, fixed asset investment increased by 18.2%, consumer expenditure increased by 6.5%, while government spending decreased by 4.5% during the third quarter.
Services saw a 24% increase in exports and a 28.5% increase in imports. Concurrently, imports decreased by 6% and exports of goods decreased by 8.6%.
"Tourist inflows and private consumption will continue to support Hong Kong's economic growth for the rest of this year," according to the statutory body.
source: factset.com
According to FactSet's survey of analysts, a better growth rate of 5.2% was anticipated for the third quarter.
Hong Kong's GDP increased by 0.1% from July to September compared to analysts' expectations of a 1.4% increase. The GDP decreased 1.3% from the previous quarter to the second.
In Hong Kong, fixed asset investment increased by 18.2%, consumer expenditure increased by 6.5%, while government spending decreased by 4.5% during the third quarter.
Services saw a 24% increase in exports and a 28.5% increase in imports. Concurrently, imports decreased by 6% and exports of goods decreased by 8.6%.
"Tourist inflows and private consumption will continue to support Hong Kong's economic growth for the rest of this year," according to the statutory body.
source: factset.com