Hong Kong Q3 GDP expands by 5.2% year-on-year, outlook positive - CNA
FILE PHOTO: A Peak Tram car ascends towards Victoria Peak with the Hong Kong skyline in the background in Hong Kong, China, August 13, 2026. REUTERS/Tyrone Siu/File Photo
HONG KONG, Nov 3 : Hong Kong's economy expanded by 5.2 per cent in the third quarter from a year earlier, official advance estimates showed on Tuesday, the 15th consecutive quarter of growth underpinned by accelerating exports and solid domestic demand.
β’ It compared with a mean forecast of 3.6 per cent year-on-year growth by 10 economists in a Reuters poll, 4.2 per cent growth in the second quarter of 2026 and a 5.9 per cent growth in the first quarter
β’ In a seasonally adjusted quarter-to-quarter comparison, gross domestic product (GDP) increased by 1.9 per cent in real terms in the third quarter from the second quarter of 2026
β’ Private consumption expenditure increased by 2.8 per cent in the third quarter, compared with a 2.9 per cent rise in the second quarter and a 4.9 per cent increase in the first quarter.
β’ Total exports of goods jumped 30.4 per cent in the third quarter, compared with a revised 28.9 per cent growth in the second-quarter and 23.8 per cent growth in the first quarter
β’ Imports of goods grew 29.9 per cent in the third quarter, compared with a 29.3 per cent increase in the second quarter and a 29.9 per cent rise in the first quarter
β’ For the first three quarters of 2026 combined, real GDP grew by 5.1 per cent over a year earlier, the fastest growth for the corresponding period in five years
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