Hong Kong GDP Growth Rate QoQ
Despite its modest size, Hong Kong ranks as the world's eighth-largest trading entity due to its export-oriented economy, with a total value of products and services exchanged four times the size of GDP. Hong Kong has emerged as a major international hub for businesses, traders, and financiers seeking to gain access to the Chinese market in recent years. As a result, the services sector is the most important sector of the economy, accounting for approximately 93% of GDP.
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 | 2 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 | 33 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 | 64 days ago
