The outlook for Hong Kong business in the second quarter is brighter than in the first, particularly for the manufacturing, import and export trade, transport and related services and business-services sectors.
The Census & Statistics Department released its Quarterly Business Tendency Survey findings on Thursday, which found 34% of respondents forecasting a better outlook, while only 8% expected it to be worse.
Respondents also expected a rise in their volume of business/output, particularly in the manufacturing, import and export trade, transport and related services, communications, business services, banks, financing and insurance sectors.
On employment, those in the wholesale and retail, restaurants and hotel, real estate, and banks, financing and insurance sectors expected a Q2 rise.
With the exception of the banks, financing and insurance sector, respondents in other sectors said that they expected selling prices and service charges to increase, particularly in the manufacturing, wholesale and retail, and restaurants and hotels sectors.
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