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Financial News: Hong Kong Q1 Industrial Output Grows At Faster

Hong Kong Q1 Industrial Output Grows At Faster Pace

06/14/2018 - 05:59:00 (RTTNews)

(RTTNews) - Hong Kong's industrial production growth improved in the three months ended March, preliminary data published by the Census and Statistics Department showed Thursday.

The index of industrial production for manufacturing industries as a whole rose 1.1 percent year-over-year in the first quarter, faster than the 0.8 percent rise in the previous quarter.

The sub index for sewerage, waste management and remediation activities advanced 1.6 percent annually in the March quarter.

On a seasonally adjusted basis, industrial production increased by 1.3 percent in the first quarter compared with the fourth quarter of 2017.

Data also revealed that industrial producer prices grew 3.8 percent yearly in the first quarter, following a 3.5 percent rise in the previous quarter.

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