Economy
Unemployment rate dips to 2.9%
There were 113,600 unemployed people from April to June.
Gov’t logs $71.9b deficit
The figure was only for the first two months of the current financial year.
Average wage rate up 3.2% in March
Ongoing economic recovery is expected to drive labour demand.
Hong Kong ranks 7th in list of world’s most competitive economies
It dropped by two places from last year.
Hong Kong’s GNI rises by 6.8% in Q1
Its gross national income grew to $756.1b.
Industrial production up nearly 4% YoY in Q1
The IP for sewerage, waste management, and remediation activities grew 0.3%.
SME’s business outlook softens in May
The tighter financial conditions will affect business sentiment in the near future.
Value of Hong Kong's exports, imports to mainland down in Q1
Total exports to the mainland is 31.1% lower in value compared with Q1 2022.
Hong Kong ends 4-year reign as most expensive location for expatriates
In Asia, however, it remains the most expensive location.
Hong Kong posts $34.8b deficit in April
Its expenditure is at $69.6b, whilst its revenue was $34.8b.
HK proactively solidifies global financial centre status
The International Monetary Fund said Hong Kong reaffirms its status amidst recovery.
Hong Kong to disburse remaining vouchers in July
This will inject $13b of purchasing power into the market.
Hong Kong is 7th most attractive market for businesses: report
The market posted a score of 8.25 in a business environment.
Monthly income grew 62.5% to $19,500 in 2011-2021
But their share of the domestic household income fell 84.1%.
Unemployment rate down 3% in February - April
The underemployment rate was unchanged at 1.2%.
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