China Watch Blog has learnt that the Hong Kong business outlook in the third quarter, particularly in the real estate, manufacturing, financing and insurance, and transportation, storage and courier services sectors is favourable based on a Census & Statistics Department survey.
The Quarterly Business Tendency Survey released over the weekend showed 32% of respondents expect an improvement in the business situation in the nancing,insurance, and transportation, storage and last quarter, while only 6% expect it to be worse.
All surveyed sectors expect a rise in the volume of business or output, particularly in the real estate, transportation, storage and courier services, financing and insurance, manufacturing, and retail sectors.
Significantly more respondents in sectors like financing and insurance, professional and business services, and real estate expect employment to increase, than those expecting a fall.
Almost all sectors also expect their selling price and service charges to rise in the third quarter, particularly the real estate sector.
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