HK growth slows to 3.6pc in third quarter

Local | 10 Nov 2017 5:32 pm

Hong Kong's economic growth slowed to 3.6 percent in the third quarter from 4.1 percent growth in the first half of the year, the Government reported today.

In the second quarter, growth came in at 3.8 percent over a year earlier, following expansion of 4.3 percent in the first quarter.

On a seasonally adjusted quarter-to-quarter comparison, real gross domestic product grew by 0.5 percent in the third quarter.

Acting Government Economist, Andrew Au said domestic demand should hold up well in the near term, buttressed by sanguine consumption sentiment under the favorable employment and income conditions, as well as intensive building and construction activity level.

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