Q2 Rise In Business Volume Expected In Hong Kong

by Mary Swire, Tax-News.com, Hong Kong

26 April 2006

According to the Hong Kong Census & Statistics Department's Quarterly Business Tendency Survey, business volume is expected to rise in the second quarter for a variety of sectors, including manufacturing, import-export, communications, real estate, and banking, finance and insurance.

According to the Survey, on employment, respondents in all except the construction and business services sectors expect a Q2 rise.

For selling prices and service charges, meanwhile, respondents in all except the import-export, communications, and business services sectors revealed that they expected a rise also.

More respondents in manufacturing, wholesale and retail, restaurants and hotels, real estate, and the banking, finance and insurance sectors expect selling price and service charge increases.

However, most respondents in the communications sector expect service charges to fall, while most in construction and business services expect their tender prices and service charges to remain broadly unchanged.

It also emerged this week that in February, the volume of Hong Kong's re-exports of goods rose 21.6% over the same month last year, while that of domestic exports grew 56.9%. Taken together, the volume of total exports of goods rose 23.4%.

Comparing the first two months of 2006 with the same period last year, the volume of Hong Kong's re-exports rose 11.5%, while that of domestic exports grew 45.3%. Taken together, the volume of total exports of goods grew 13.2%.

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