FOREX TradingCharts.com

Financial News: Hong Kong GDP Growth Eases In Q3

Hong Kong GDP Growth Eases In Q3

11/10/2017 - 04:01:00 (RTTNews)

(RTTNews) - Hong Kong's economic growth moderated for the second straight quarter in the three months ended September, data from the Census and Statistics Department showed Friday.

In real terms, gross domestic product advanced 3.6 percent year-over-year in the third quarter, slower than second quarter's 3.9 percent rise.

In the first quarter of this year, the rate of expansion was 4.3 percent.

During the September quarter, external demand stayed vibrant, supported by the broadly benign global economic conditions.

Domestic demand attained solid growth, led by the brisk expansion of private consumption.

On the expenditure side, private consumption expenditure grew 6.7 percent annually in the third quarter, while gross domestic fixed capital formation contracted by 1.7 percent.

Total exports of goods climbed 5.5 percent over the year and imports by 6.1 percent.

On a quarterly basis, real GDP rose a seasonally adjusted 0.5 percent in the third quarter, slower than the 1.1 percent gain in the previous quarter.

Looking ahead, economic growth for 2017 as whole is now at 3.7 percent, higher than the mid-point of the range forecast of 3-4 percent announced in the August round, Mr Andrew Au, a government spokesman said.

The forecast rates of underlying and headline consumer price inflation for 2017 as a whole are slightly revised downwards to 1.7 percent and 1.5 percent respectively in the current round of review, from 1.8 percent and 1.6 percent, respectively in the August round.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


France Unemployment Rises Slightly In October (09 min(s), 03 sec(s) ago)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story»

Cash Remains Preferred Payment Option In Eurozone: ECB Study (56 min(s), 57 sec(s) ago)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story»

ECB's Coeure Warns Against Fake Data (38 min(s), 57 sec(s) ago)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story»

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018 (27 min(s), 57 sec(s) ago)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story»

Swiss Industrial Production Expands In Q3 (47 min(s), 57 sec(s) ago)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story»

UK Mortgage Approvals At 13-Month Low (38 min(s), 57 sec(s) ago)
(RTTNews) - UK mortgage approvals declined to a 13-month low in October, data from UK Finance show ...Full Story»

German Business Confidence At Record High (39 min(s), 57 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened to a new record in November on optimist ...Full Story»

Turkey Capacity Utilization Rises; Business Confidence Weakens (14 min(s), 57 sec(s) ago)
(RTTNews) - Turkey's capacity utilization rate increased for the fourth straight month in Nove ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

France Unemployment Rises Slightly In October

11/25/2017 - 00:25 AM (RTTNews)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story>>

Cash Remains Preferred Payment Option In Eurozone: ECB Study

11/24/2017 - 09:31 AM (RTTNews)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story>>

ECB's Coeure Warns Against Fake Data

11/24/2017 - 09:13 AM (RTTNews)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story>>

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018

11/24/2017 - 09:02 AM (RTTNews)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story>>

Swiss Industrial Production Expands In Q3

11/24/2017 - 07:22 AM (RTTNews)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.