,Hong Kong

Most service industries see increase in business receipts in Q2

Only the banking industry recorded a decrease for the period.

In a press release by the Census and Statistics Department, nearly all business receipts in value terms showed increases of different magnitudes for the second quarter of 2021.

The top three performing sectors were accommodation services, transportation, and warehousing and storage at 57.2%, 52.4% and 52.4%, respectively.

Other industries include import and export trade at 28%, financing at 22%, courier at 13.3, wholesale at 13.3%, and administrative support services at 11.5%.

Meanwhile, banking services showed a year-on-year decrease of 8.6% during the period. 

According to a government spokesman, even with these increases, overall recovery remains uneven across industries. Some industries, like import/export trade, water transport, and warehousing and storage, rose notably. Others, like retail and land and air transport, remained lower than pre-pandemic levels. This is with the exception of the banking industry, whose receipts continued to decline in the second quarter.

Despite this, the ongoing economic recovery, as well as widespread vaccination, are slated to help these industries improve.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Leasing momentum in the retail market continues to improve in August 2021.
The new prices will give customers greater flexibility when booking flights.
Total employment in the private sector decreased by 0.4%.
Tollerort port terminal is located in the Port of Hamburg, Germany.
The inflation rate is at 1.2%.
It highlights the importance of SAF as it works towards net-zero by 2050.
This is 95.3% lower than pre-pandemic levels in August 2019.
This is an 8% increase from the first quarter of 2021.
Payment card usage increased by 18.8% QoQ in Q2 2021.
Compared with the end of Q2 2020, SVF accounts in use were up by 0.6% in 2021.
41% of Hong Kong consumers support local businesses.
Bond Connect will expand mutual access between Hong Kong and China markets.