The Reuters news service reported on Friday that Hong Kong's exports surpassed expectations by rising 8% in June, showing that the jurisdiction's economic recovery is still on track.
Prior to Friday's announcement, the news service had surveyed five economists, and based on an average of their predictions, guessed that the value of total exports grew by 5% last month, a figure which would still have demonstrated year on year growth, and have been good news for the SAR's economic prospects.
Following a fall in total exports of 1.8% in May, analysts feared that the modest economic recovery which has taken hold in the region was losing steam. However, the Hong Kong government stressed that the setback was only temporary, blaming a relapse in exports to the United States, and a 24% slump in domestic exports for the fall.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment