Optimism improves amongst exporters in Q3

Exporters in the jewellery sector were the most positive about their short-term prospects.

Exporters in Hong Kong became more confident about their short-term prospects in Q3, the latest HKTDC Export Index showed.

In Q3, the index increased by 1.9 points to 32.8, an improvement compared to the Q2 record of 30.9.

Amongst sectors, jewellery was the most positive about their business, with its index at 44.2, followed by toys (37.0).

Optimism among exporters in the machinery and clothing sectors, on the other hand, declined slightly, with the indices for the two sectors down by 2.8 and 2.2 points, respectively.

In terms of market, exporters were most optimistic about Japan (48.4), the ASEAN (46.9), and the Mainland (45.8).

Confidence towards the EU (40.5), meanwhile, dropped by 1.8‑points to 40.5 due to concerns over inflation and the fallout from the Russia‑Ukraine conflict.