Census and Statistics Department
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Retail sales grows 31.3% in February 2023
Retail sales grows 31.3% in February 2023
But provisional online retail sales dropped 4.1% to $2.6b.
Exports value drops 8.8% YoY to $286.2b in February
The weak external environment contributed to the decrease.
Unemployment rate drops to 3.3%
There were 115,700 unemployed from December 2022 to February 2023.
Business receipts of major service industries fall double digits in Q4
The import/export trade industry recorded the largest decrease of 21.6% YoY.
Retail sales value jumps 7% YoY in January
The total value stood at $36.2b.
Exports value falls 36.7% YoY to $290.9b in January 2023
The slackened external environment contributed to the fall.
Jobless rate inches down to 3.4%
This is down from 3.5%.
Volume of total exports down 32.3% YoY in December 2022
Imports of goods went down by 26.7% over 2021.
Inflation up 2% in December 2022
Overall CPI rose by 1.8% in the previous month.
Businesses ‘slightly’ more optimistic about Q1
This could improve with the lifting of social distancing measures.
Business situation improved in December 2022: gov’t
The diffusion index on business receipts for SMEs went up 46.1.
Global recovery boosts increases in inward, outward DI
Total inward and outward direct investments went up by 17% and 12.1%, respectively.
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
Volume of total exports down 15.3% YoY in September
Imports of goods also went down by 14% over September last year.
SME business optimism improves in October
But, next month’s expectations are more cautious.
Hong Kong’s economic growth hinges on travel recovery
Advanced GDP estimates showed a drop of 4.5%.
Hong Kong retail sales up 0.2% in September
Retail sales stood at $28.1b, the Census and Statistics Department reported.
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