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Tariffs Make GBA Firms More Cautious About 2H25 Outlook; Biz Confidence Index Drops to 53.1: Survey
Standard Chartered and the Hong Kong Trade Development Council have released the quarterly results of the Standard Chartered GBA Business Confidence Index survey.The index on the o...
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Tariffs Make GBA Firms More Cautious About 2H25 Outlook; Biz Confidence Index Drops to 53.1: Survey
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Standard Chartered and the Hong Kong Trade Development Council have released the quarterly results of the Standard Chartered GBA Business Confidence Index survey.

The index on the overall current conditions that reflects short-term business momentum fell from 53.5 in 1Q25 to 53.1 in 2Q25. Among the main sub-indices, "production/sales" performed the strongest, rising by 4.2 points to a one-year high of 57.1, indicating that companies were supported by advance shipment orders.

However, the expectations index for 2Q25 dropped from 54.3 in 1Q25 to 52, the lowest since 4Q22, revealing that companies are becoming more cautious about their outlook for 2H25 under the impact of tariff policies.

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