The Census and Statistics Department released provisional figures for the Business Receipts Indices. Comparing 1Q26 with 1Q25, the import and export trade industry rose 33.3% YoY, insurance rose 31% YoY, financing (except banking) rose 19.5% YoY, wholesale rose 17.4% YoY, retail rose 12.1% YoY, and banking rose 11.7% YoY. Meanwhile, the business receipts index for storage and warehousing fell 2% YoY over the same period.Analyzed by service domain, the business receipts index for computer and information technology services surged 103.3% YoY over the same period, while that for tourism, convention and exhibition services increased 8.3% YoY.A government spokesperson said that in 1Q26, business receipts of almost all service industries increased compared with the same period last year. Among them, the import and export trade industry, insurance, financing (except banking), wholesale, retail and banking all recorded double-digit growth.Looking ahead, the service industries are expected to continue expanding overall. Sustained growth of the local economy and a notable increase in inbound visitors should provide support to various service industries. The government will continue to closely monitor geopolitical developments and potential downside risks arising from uncertainties in the external environment. (ha/a)
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