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 From Hong Kong's Information Services Department
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June 12, 2008
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Economy
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Q1 financing industry receipts up 33.8%
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Census & Statistics Department

Business receipts of all service industries rose in value in the first quarter compared with a year earlier. Financing-industry business receipts - except banking - grew 33.8% and those for real estate and transport rose 17.4% and 16.4%.

 

The Census & Statistics Department today said other service industries showing business receipt increases included restaurants (15.8%) and wholesale-retail (15.8%).

 

Analysed by service domain, business receipts of the tourism, convention and exhibition services domain rose 13.7%, mainly attributable to the year-on-year increase in inbound visitor arrivals. Business receipts of the computer and information services domain also grew 17.8%.

 

Compared with the previous quarter, business receipts of most service industries recorded falls.

 

The financing (except banking), real estate and banking industries registered notable drops of 26.4%, 22.9% and 22%, mainly attributable to the consolidation of the local stock market and slowdown in trading activities in the property market.