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 From Hong Kong's Information Services Department
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September 11, 2009
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Economy

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Service industry business receipts fall
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Census & Statistics Department

Business receipts for almost all the major service industries fell in the second quarter, the Census & Statistics Department says.

 

The accommodation trade - mainly referring to services provided by hotels - recorded the largest decline at 28%, mainly due to the spread of human swine flu.

 

Other significant decreases were recorded in the transportation (-26%), financing (except banking) (-20.7%), courier (-18.9%), import and export (-18.5%), wholesale (-16.2%), and administrative and support services (-13.1%) trades.

 

However, real estate service recorded a 6.9% year-on-year increase due to a notable rebound in the property market.

 

Analysed by service domain, business receipts of the computer and information technology services domain dropped 12% while the tourism, convention and exhibition services domain recorded an 11% year-on-year drop.