HK business see more gloom ahead

Business | 19 Jul 2019 6:24 pm

Seventeen percent of respondents in Hong Kong's business sectors expect their situation to be worse in the third quarter, compared with 9 percent who expect the situation to improve, the Hong Kong government's  Quarterly Business Tendency Survey for the third quarter, found.

In terms of sectors, respondents in all sectors, except for the information and communications sector, expect their business situation to be worse on balance in the third quarter compared with the second quarter.

In particular, more respondents in the retail; accommodation and food services; and real estate sectors expect their business situation to be worse.

Respondents in quite a number of the surveyed sectors expect their employment to increase on balance, especially in the accommodation and food services; and construction sectors.

On the other hand, slightly more respondents in the import/export trade and wholesale sector expect their employment to decrease.

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