Survey shows more than a quarter of sectors expect business situation to worsen

Business | 18 Oct 2019 6:45 pm

Around 32 percent of all surveyed sectors expect their business situation to be worse in the fourth quarter than the third quarter this year, significantly higher than that expecting it to be better, which took up 7 percent, said the Census and Statistics Department.

In terms of sector, respondents in all of the surveyed sectors, except for the information and communications sector, expect their business situation to be worse on balance in Q4 2019 as compared with Q3.

In particular, significantly more respondents in the retail, construction, accommodation and food services, transportation, storage and courier services, and professional and business services sectors expect their business situation to be worse in Q4 2019 as compared with Q3, relative to those expecting a better business situation.

Respondents in quite a number of the surveyed sectors expect their employment to remain broadly unchanged or to decrease on balance in the last quarter, said the department.

More respondents in the retail, construction and accommodation and food services sectors expect their employment to decrease in the rest three months. On the other hand, more respondents in the financing and insurance sector expect their employment to increase, as compared to those expecting it to decrease.

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