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January 23, 2010

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Home » Business » Economy

HK firms increasingly upbeat

MANY sectors expect a favorable business outlook for the first quarter of this year, particularly the financing and insurance field, followed by the retail and the real estate industries, according to a survey released by Hong Kong Special Administrative Region government yesterday.

Up to 29 percent of respon-dents forecast their business situation to improve while only 10 percent expected it to worsen, compared with 17 percent in the fourth quarter last year, the Census and Statistics Department's Quarterly Business Tendency Survey showed.

Respondents also expect a rise in their volume of business output, particularly in the financing and insurance, retail, real estate, and professional and business services sectors.

More respondents in the finance and insurance, real estate, construction, retail, and transportation, storage and courier services sectors expect an employment increase in the first quarter. However, more respondents in the manufacturing sector expect a fall.

There were more respondents in the real estate, finance and insurance, trade and wholesale sectors expecting their selling prices or service charges to rise in the first quarter than those expecting it to fall.


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