Hong Kong Economic & Financial Round-up
Overview
HONG KONG ECONOMY
па. На встали MA 13/8
Issue No. 8/92
In June, re-exports continued to surge while domestic exports also registered a marked increase. Imports continued to rise significantly.
2.
After some temporary easing in the first quarter, the labour market tightened up again most recently. On the price front, consumer price inflation edged up slightly in June partly because of some seasonal increase in the prices of fresh fruits. But the June inflation rate was still significantly below the peak figure recorded in April 1991. Notwithstanding the slight pick up in June, inflation was still keeping to the downward trend since April last year.
3.
Local money market interest rates softened further during July. The market exchange rate of the Hong Kong dollar against the US dollar moved within a narrow range. In line with the depreciation of the US dollar against other major currencies, the overall exchange value of the Hong Kong dollar fell slightly during July.
4.
Local share prices showed some consolidation in July after the surge in previous months. Market sentiment was also affected by the uncertainties over the Sino-British negotiations on the financial arrangements for the new airport and related projects. Average daily turnover fell slightly.
External trade
5.
Re-exports rose sharply by 39.7% in value terms in June over a year earlier, following on increase of 27.3% in May. The value of domestic exports also showed a marked increase of 12.2% in June, having decreased marginally by 0.1% in May. Meanwhile, the value of imports increased by 33.1%. The corresponding increase in May was 21.4%.
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HONG KONG GOVERNMENT OFFICE