Hong Kong Economic & Financial Round-up
Overview
HONG KONG ECONOMY
Issue No. 7192
ie 6164.5
on
12/7
In May, re-exports recorded a further marked increase over a year earlier, while domestic exports were little changed. Imports continued to rise significantly.
2.
The easing in the labour market in the first quarter has stabilized lately. On the price front, consumer price inflation moderated further in May.
3.
Local money market interest rates remained soft during June. The market exchange rate of the Hong Kong dollar against the US dollar moved within a narrow range. Along with the recent weakening of the US dollar against other major currencies, the overall exchange value of the Hong Kong dollar declined slightly during June.
4.
In the stock market, the Hang Seng Index surged to a historic high in June amidst active trading.
External trade
5.
Re-exports rose sharply by 27.3% in value terms in May over a year earlier, following an increase of 28.5% in April. On the other hand, the value of domestic exports showed a marginal decline of 0.1% in May, having decreased by 2.6% in April. Meanwhile, the value of imports increased by 21.4%. corresponding increase in April was 19.3%.
6.
The
In real terms, re-exports registered a substantial growth of about 30% in the first four months of 1992 over a year earlier, while domestic exports decreased by 1%. Meanwhile, imports recorded a marked increase of 21%.
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HONG KONG GOVERNMENT OFFICE
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