Hong Kong GDP Expands by 0.60 Percent in Q3


According to preliminary data on the GDP released on November 16 by the Census and Statistics Department, real GDP grew modestly by 1.3 percent in the third quarter of 2012 over a year earlier. On a seasonally adjusted quarter-to-quarter comparison, real GDP resumed growth at 0.6 percent in the third quarter.

Government consumption expenditure measured in national accounts terms increased by 3.7 percent in real terms in the third quarter of 2012 over a year earlier, compared with the growth of 3.5 percent in the second quarter. 

Expenditure on building and construction increased by 9.4 percent in real terms in the third quarter of 2012 over a year earlier, compared with the increase of 14.0 percent in the second quarter. Within this category, expenditure on building and construction of the private sector increased by 11.6 percent in real terms in the third quarter of 2012 while that of the public sector registered a growth of 5.1 percent. 
 
Within the total GDFCF, expenditure on machinery, equipment and intellectual property products increased by 9.8 percent in real terms in the third quarter of 2012 over a year earlier, compared with the 5.5 percent increase in the second quarter. 
 
Exports of services increased by 0.1 percent in real terms in the third quarter of 2012 over a year earlier, compared with the 2.9 percent increase in the second quarter. Imports of services increased by 0.9 percent in real terms in the third quarter of 2012, compared with the 1.6 percent increase in the second quarter. 

Census & Statistics Department | Andre Crujo | andre@tradingeconomics.com
12/14/2012 3:36:15 PM