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Q3 Business Surge Forecast For HK

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

29 July 2008

The volume of business and output in all sectors of Hong Kong is expected to surge in the third quarter, according to the country's Census & Statistics Department's quarterly business tendency survey.

All surveyed sectors expect their business situation to improve, with significantly more respondents in the manufacturing sector anticipating a brighter outlook.

Respondents in all surveyed sectors - in particular the real estate, and the banks, financing and insurance sectors - expect employment to increase.

Respondents in all surveyed sectors expect selling prices and service charges to rise, except the communications sector. Significantly more respondents in the wholesale and retail sector expect their selling price to increase.

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