Maria Cecilia Peralta2022/11/02

HONG KONG STATISTICS REPORT SEPTEMBER 2022

The Census and Statistics Department (C&SD) released today (October 31) the advance estimates on Gross Domestic Product (GDP) for the third quarter of 2022. According to the advance estimates, GDP decreased by 4.5% in real terms in the third quarter of 2022 from a year earlier, compared with the decrease of 1.3% in the second quarter. The decline of GDP was mainly attributable to the weak performance in external demand during the quarter.

Analysed by major GDP component, private consumption expenditure remained virtually unchanged in real terms in the third quarter of 2022 over a year earlier, the same as that in the second quarter.

Government consumption expenditure measured in national accounts terms grew by 4.3% in real terms in the third quarter of 2022 over a year earlier, after the increase of 13.0% in the second quarter.

Gross domestic fixed capital formation decreased by 14.3% in real terms in the third quarter of 2022 from a year earlier, larger than the decline of 2.1% in the second quarter.

Over the same period, total exports of goods measured in national accounts terms recorded a decline of 15.5% in real terms from a year earlier, deteriorating from the 8.4% decrease in the second quarter. Imports of goods measured in national accounts terms fell by 16.0% in real terms in the third quarter of 2022, after the decrease of 5.9% in the second quarter.

Exports of services fell by 3.5% in real terms in the third quarter of 2022 from a year earlier, as against the increase of 2.2% in the second quarter. Imports of services decreased by 4.0% in real terms in the third quarter of 2022, compared with the 2.4% decrease in the second quarter.

On a seasonally adjusted quarter-to-quarter comparison basis, GDP decreased by 2.6% in real terms in the third quarter of 2022 when compared with the second quarter.


SOURCE: Census and Statistics Department (censtatd.gov.hk)‚Äč

2022 Growth Forecast for Vietnam changed to 8.2%

LITHIUM CARBONATE PRICES END OCTOBER 2022

Server IP: 50.18.238.17