Hong Kong's third -quarter local product (GDP) increased by 4.1%year -on -year, and the annual economic growth was revised to 3.2%.
The Hong Kong Special Administrative Region Government issued a press release on Friday (November 10) to announce the number of revised numbers in the third quarter of 2023 and the third quarter of 2023.
The substantial local product of Hong Kong in the third quarter of Hong Kong increased by 4.1%year -on -year.The Hong Kong Government said that with the support of the tourism industry and private consumption, the Hong Kong economy continued to recover in the third quarter, and the annual economic growth forecast was 3.2%.
Liang Yongsheng, an economic consultant of the Hong Kong Government, explained that in the third quarter of the economic situation in Hong Kong, due to the weak external demand for goods, the overall cargo export of Hong Kong fell by 8.6%in the third quarter.The exports of exports to mainland China, the United States, and the European Union continued to decline, and exports to most other major Asian markets also recorded contraction to varying degrees.
Liang Yongsheng introduced, however, the service output expanded significantly 23.9%.Benefiting from the number of passengers visiting Hong Kong, the output of tourism services has risen by nearly nine times, and the output of transportation services has risen.Commercial and other service output increased slightly, while financial service output further declined.
In the local area, as residents' income rises and the Hong Kong government has launched a number of support measures, private consumption expenditures rose by 6.3%in the third quarter in the third quarter.At the low comparison base, the overall investment expenditure rebounded 18.4%.
Consumption price inflation maintains mildness in the third quarter, and the basic comprehensive consumer price index rose 1.6%year -on -year.The price of meals and takeaway increases significantly year -on -year, but the increase has slowed, and the price of basic food continues to rise slightly.Private house rents continue to fall.
Liang Yongsheng said that visiting Hong Kong tourism and private consumption will support economic growth for the remaining time this year.With the recovery of the reception capacity, Hong Kong should receive more passengers.
In terms of private consumption, residents' income has continued to improve, and the support measures such as Hong Kong's colorful nights and other Hong Kong government should provide support for the economy.However, geopolitical tensions are intensified and financial conditions are tight. The difficult peripheral environment will cause the export, investment, and consumption atmosphere to be compressed.
Liang Yongsheng added that the growth forecast of the real GDP of Hong Kong throughout the year is revised from 4%to 5%of the re -inspection in August to 3.2%., From 2%and 2.4%of the re -inspection in August, to 1.8%and 2.2%, respectively.
