Hong Kong GDP Growth Rate YoY
Hong Kong has emerged in recent years as a major international hub for businesses, traders, and financiers seeking to gain access to the Chinese market through importation. As a result, the services sector is the most important sector of the economy, accounting for approximately 93%. Wholesale and retail trade account for 25% of GDP, followed by public administration and social services (17%), finance and insurance (16%), real estate and business services (11%), ownership of premises (10%), transport and postal services (6%). Information and communications, as well as food and lodging, account for 8%, construction accounts for 3.5% of GDP, with power, water, and gas distribution, waste management, and manufacturing accounting for 3.4%.
A higher than expected figure should be seen as positive (bullish) for the HKD while a lower than expected figure should be seen as negative (bearish) for the HKD.
News (HKD)
Hong Kong Private Sector PMI Slips In April - S&P Global
The private sector in Hong Kong continued to expand in April, although at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.6.
RTTNews | 3 days ago
Hong Kong Private Sector Swings To Expansion - S&P Global
The private sector in Hong Kong moved into expansion in March, the latest survey from S&P Global revealed on Friday with a PMI score of 50.9.
RTTNews | 34 days ago
Hong Kong Private Sector Slumps In February - S&P Global
The private sector in Hong Kong continued to contract in February, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a PMI score of 49.7.
RTTNews | 65 days ago
