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Most HK Major Service Industries Report QoQ Decline in 3Q19 Biz Receipts
Business receipts in value terms of many major service industries showed decreases of different magnitudes in the third quarter of 2019 when compared with the third quarter of 2018...
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Most HK Major Service Industries Report QoQ Decline in 3Q19 Biz Receipts
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2019/12/09 16:44
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Business receipts in value terms of many major service industries showed decreases of different magnitudes in the third quarter of 2019 when compared with the third quarter of 2018, according to the provisional figures of business receipts indices released by the Census and Statistics Department (C&SD).

Comparing the third quarter of 2019 with the third quarter of 2018, double-digit decreases were recorded in business receipts of the accommodation services (-19.1%), retail (-17.5%), wholesale (-12.2%) and food services (-11.7%) industries.

On the other hand, the insurance industry recorded an increase of 6.8% in business receipts during the same period, followed by the banking (+5.5%) and courier (+5.0%) industries.
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