Hong Kong gross domestic product grows 6.8% in Q4

Net output in all the service activities taken together rose 6.9% in real terms in the quarter.

This is compared with 6.2% in the second quarter, analysed by constituent sector and on a year-on-year comparison.

According to the Hong Kong's Information Services Department, net output in the financing, insurance, real estate and business services sector rose 3.6% in real terms in the third quarter, beating the 0.9% increase in the second quarter. This was mainly due to the impetus in the local stock market towards the end of the third quarter after consolidation in the second.

Net output in the wholesale, retail and import and export trades, and the restaurants and hotels sector grew 15.2% in real terms, following a 16.3% increase in the second quarter.

Robust trade flows brought a 4.4% rise in net output in the transport, storage and communications sector in real terms, following a 10.5% rise in the second quarter.

Net output in real terms saw increases in the construction sector (15.4%), the local manufacturing sector (4.7%), and the community, social and personal services sector (4.2%).

Net output in the electricity, gas and water sector dropped 1.9% in real terms in the third quarter over a year earlier, after a marginal 0.3% increase in the second quarter.