, Hong Kong
Photo by Airam Dato-on for Unsplash

1 in 4 HKers expect business situation to be better in 2Q 2023

But one in ten anticipate the worst business conditions in the city.

One out of four Hong Kong citizens (25%) look forward to a better business situation in the city during the second quarter of 2023.

Data from the Census and Statistics Department's Quarterly Business Tendency Survey stated that the percentage is six percentage points higher than 19% from this year's previous quarter.

The survey also said businesses in the city's accommodation and food services, manufacturing, retail and financing, and insurance sectors expected their business situation to be better in the second quarter than the previous quarter.

READ MORE: What can lead Hong Kong’s economy to rebound

However, one out of ten (10%) expected the city would experience the worst business situation in the second quarter, three percentage points lower than 13% in the previous quarter.

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