The volume of business and output in all sectors of the Hong Kong economy is expected to surge in the first quarter, according to the Census and Statistics Department's quarterly business tendency survey.
The restaurants and hotels, transport and related services, communications, real estate, business services, banks, financing and insurance sectors all expect their business situation to improve, according to the poll.
Respondents in all surveyed sectors, except the manufacturing sector, expect an increase in their volume of business/output in Q1 2008 over Q4 2007. Among these sectors, significantly more respondents in the wholesale and retail, communications, banks, financing and insurance sectors expect their volume of business/output to increase, as against those expecting it to decrease, in Q1 2008 over Q4 2007.
Respondents in all surveyed sectors - in particular the wholesale and retail,
import and export trade, real estate, and banks, financing and insurance - announced that they expect
employment to increase.
In addition, respondents in all surveyed sectors - especially the wholesale
and retail, restaurants and hotels, and real estate - expect selling prices
and service charges to rise.
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