FOREX TradingCharts.com

Financial News: Hong Kong Exports Drop In October

Hong Kong Exports Drop In October

11/24/2020 - 05:27:00 (RTTNews)

(RTTNews) - Hong Kong's merchandise exports dropped in October after rising in the previous month, data from the Census and Statistics Department showed on Tuesday.

Exports fell 1.1 percent year-on-year in October, after a 9.1 percent decrease in September.

Imports rose 0.6 percent annually in October, after a 3.4 percent increase in the previous month.

The trade deficit widened to HK$36.756 billion in October from HK$30.590 billion in the same month last year. In September, the deficit was HK$12.694 billion.

For the January to October period, exports decreased 2.9 percent year-on-year and imports fell 5.6 percent. The trade deficit was HK$329.975 billion.

The value of merchandise exports decreased slightly in October from a year ago, as exports to the Mainland and the US switched to mild declines, the government spokesman said.

"Looking ahead, while the Mainland economy is expected to post further strong growth, the deterioration of COVID-19 situation in a number of advanced economies will likely slow their recoveries and may hinder the revival of Hong Kong's exports," spokesman said.

"The development of China-US relations, geopolitical tensions and the Brexit negotiations also warrant attention," spokesman added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore House Prices Rise At Faster Pace In Q4 (04 min(s), 06 sec(s) ago)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story»

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due (19 min(s), 06 sec(s) ago)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story»

Australia Retail Sales Sink 4.2% In December (13 min(s), 54 sec(s) ago)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story»

Japan Manufacturing PMI Slips To 49.7 In December - Jibun (08 min(s), 54 sec(s) ago)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story»

Japan Overall Inflation Sinks 1.2% On Year In December (08 min(s), 54 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...Full Story»

New Zealand Inflation Climbs 1.4% On Year In Q4 (38 min(s), 54 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand jumped 1.4 percent on year in the fourth quarter of 202 ...Full Story»

New Zealand Consumer Prices Rise 1.4% On Year In Q4 (08 min(s), 54 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 1.4 percent on year in the fourth quarter of 20 ...Full Story»

Australia Manufacturing PMI Jumps In January - Markit (48 min(s), 54 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in January, and at a faster ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore House Prices Rise At Faster Pace In Q4

01/22/2021 - 00:31 AM (RTTNews)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story>>

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due

01/22/2021 - 00:16 AM (RTTNews)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story>>

Australia Retail Sales Sink 4.2% In December

01/21/2021 - 19:49 PM (RTTNews)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story>>

Japan Manufacturing PMI Slips To 49.7 In December - Jibun

01/21/2021 - 19:44 PM (RTTNews)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story>>

Japan Overall Inflation Sinks 1.2% On Year In December

01/21/2021 - 18:44 PM (RTTNews)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.