Boosted by a buoyant local stock market, business receipts for the financial industry, excluding banking, in the second quarter grew 57.7% over the same period last year.

According to provisional figures released by the Census & Statistics Department today, Hong Kong's service industres recorded almost an across-the-board rise in business receipts.

Other service industries recording notable year-on-year increases in business receipts are banking (+24.1%), insurance (+21.3%), business services (+17.4%), hotels (+15.4%), transport (+12.5%) and restaurants (+11.1%). The real estate industry recorded a 5.1% fall.

Comparing the second quarter with the first, most service industries also recorded increases in business receipts. Those reporting bigger growth are the import and export trade (+9.3%) and banking (+7.4%) industries, while the film-entertainment industry saw a fall in business receipts (-2.9%).

Aided by growth in inbound tourism, business receipts of the tourism, convention and exhibition services sector grew 17.9%.