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HK business outlook bullish in Q3
2006-07-27 07:28:11 Xinhua English

HONG KONG, July 27 (Xinhua) -- Business operators in Hong Kong's 10 major sectors expect better trade in this year's third quarter, Hong Kong's Census and Statistics Department said Thursday.

Its quarterly business tendency survey results unveiled Thursday found 38 percent of respondents in 530 prominent establishments forecast a better third quarter, while 6 percent expect things to worsen.

Analyzed by sector, more respondents in the construction, import and export trade, restaurants and hotels, communications, real estate, business services, and banks, financing and insurance sectors, foresee an improved business situation.

Respondents in all sectors covered expect a surge in business volume or output. Significantly more respondents in the construction, wholesale and retail, import and export trade, transport and related services, communications, real estate, and banks, financing and insurance sectors anticipate their business volume or output to rise.

Respondents in all sectors foresee employment to rise in the quarter. The construction, wholesale and retail, restaurants and hotels, transport and related services, real estate, and banks, financing and insurance sectors expect to hire significantly more people.

More respondents in the construction, restaurants and hotels, transport and related services, real estate, business services, and banks, financing and insurance sectors foresee their prices and charges to rise. However, 15 percent of the import and export trade and 10 percent of the manufacturing sector expect their selling prices to fall, with only 6 percent and 3 percent anticipating a surge. Enditem

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