Hong Kong's GDP up 6.8 pct in Q3

08:13, December 21, 2010      

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Hong Kong's gross domestic product (GDP) rose 6.8 percent in real terms in the third quarter over a year earlier by using chain volume measures, the Census and Statistics Department said on Monday.

Analyzed by constituent sector and on a year-on-year comparison, net output in all the service activities taken together rose 6.9 percent in real terms in the quarter, compared with 6.2 percent in the second quarter.

Net output in the financing, insurance, real estate and business services sector rose 3.6 percent in real terms in the third quarter, beating the 0.9 percent increase in the second quarter. This was mainly due to the impetus in the local stock market towards the end of the third quarter after consolidation in the second.

Net output in the wholesale, retail and import and export trades, and the restaurants and hotels sector grew 15.2 percent in real terms, following a 16.3 percent increase in the second quarter.

Robust trade flows brought a 4.4 percent rise in net output in the transport, storage and communications sector in real terms, following a 10.5 percent rise in the second quarter.

Source: Xinhua
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