,Hong Kong

SME business receipts diffusion index dips to 46.7 in October

The current DI is also lower than the November estimate of 49.7.

The diffusion index amongst small and medium enterprises (SMEs) dipped in October to 46.7 from 47.8 last month.

It is also lower than the expected DI in November at 49.7.

From the major sectors analysed by the Census and Statistics Department  (CS&D), DI decreases were recorded amongst restaurants (from 54.2 to 44.2) and wholesale trade (from 47.4 to 43.4). 

Performance of restaurants was affected by adverse weather during the month, whilst trade was weighed down by supply bottlenecks and the threat of the more infectious Delta variant, a government spokesperson said.

On the other hand, retail trade  (from 46.7 to 48.6) and business services (from 46.2 to 47.5) saw increases. 

DI on new orders for the import and export trades likewise declined to 49.1 from 49.4 last month and is expected to further dip to 48.6 next month.

The government spokesperson also said business sentiment amongst SMEs somewhat softened for the month due  to “increased uncertainties over the global economic outlook.”

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!

These five countries have Omricon cases.
The initiatives include accelerating net-zero electricity generation.
InnoClub will provide solutions in three focus areas.
The airline’s cargo yield is also expected to be 2% higher h-o-h in 2H21.
The country received a 9.23 score out of 10.
HK costs are the 9th most expensive in the Asia Pacific.
Employees with digital transformation-related jobs are most likely to benefit.
A government spokesman attributed the increase to entrenched economic recovery.
Carousell said 85% of its HK users have made secondhand purchases in the past.
Expansion plans were greatly expressed by companies from the industrial goods sector.
Winners were recognised via digital presentations held on the 24ᵗʰ and 25ᵗʰ of November.
The Gaw Capital Partners-led consortium will use the loan for the acquisition of office buildings.
The report said about 10.4% of locals are planning to own NFTs in the future.