Hong Kong Business Morale Inches Up in Q3

2025-07-18 09:02 By Dongting Liu 1 min. read

Business confidence in Hong Kong improved slightly to -8 in the third quarter of 2025 from -9 in the previous quarter.

The share of respondents expecting business conditions to improve edged up to 10% (vs 9% in Q2), while those anticipating worse conditions remained unchanged at 18%.

Confidence strengthened for financing and insurance (11 vs 8 in Q2) and turned positive for real estate (3 vs -11).

Sentiment also improved—though remained negative—for manufacturing (-2 vs -20), import/export trade and wholesale (-18 vs -19), accommodation and food services (-16 vs -37), and information and communications (-9 vs -17).

In contrast, sentiment deteriorated further for construction (-22 vs -16), transportation, storage and courier services (-31 vs -25), and professional and business services (-14 vs -6).

Meanwhile, confidence in retail slipped into negative territory at -14, down from 4 in the previous quarter.



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