Check out how the rest of services sector fared.
Almost all major service industries’ business receipts showed sharp increases in terms of value in the fourth quarter of 2012 when compared with the fourth quarter of 2011, according to provisional figures from the Census & Statistics Department released today.
In this period, double-digit increases were recorded in the courier (+27.5%), warehousing and storage (+16.1%), insurance (+14.8%), real estate (+14.6%), accommodation services (+13.5%), information and communications (+12.6%), and financing (except banking) (+10.6%) industries.
Tourism, convention and exhibition services business receipts rose 11.1%, while those of computer and information technology services rose 9.4% during the same period.
On a seasonally adjusted quarter-to-quarter comparison, more than half of the major service industries recorded increases in business receipts in the fourth quarter of 2012 when compared with the third quarter of 2012.
Financing (except banking) industry business receipts climbed 24.3%. The banking industry was among those major service industries recording decreases in that period, registering a 5.7% fall.
Comparing the fourth quarter of 2012 with the third quarter of 2012, tourism, convention and exhibition services business receipts rose 5.7%, while those of computer and information technology services fell 1.9% on a seasonally adjusted basis.
For 2012 as a whole, most major service industries recorded year-on-year increases in business receipts, including warehousing and storage (+25.1%) and courier (+16.1%) industries. The import/export trade saw a 1.3% decline, while professional, scientific and technical services industries’ receipts fell O.6%.
Tourism, convention and exhibition services’ business receipts were up 13.2%, and computer and information technology services’ receipts rose 15% during the same period.
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