The Hong Kong Census and Statistics Department today released the results of the monthly survey on the business situation of small and medium-sized enterprises (SMEs) for August 2024.
According to the Zhongtong Finance and Economics APP, the Hong Kong Census and Statistics Department today published the results of the monthly survey on the business situation of small and medium-sized enterprises (SMEs) for August 2024. The current trend index of business income for Hong Kong's SMEs fell from 41.8 in July 2024 to 41.3 in August 2024, while the outlook index for business income for the next month (September 2024) is 45.4. According to industry analysis, the current trend index of business income for some industries covered in the survey declined in August 2024, especially in the logistics industry (down from 40.3 to 35.9) and the import and export trade industry (down from 45.1 to 42.3). On the other hand, the current trend index of business income for the catering industry, retail trade industry, and commercial services industry increased compared to July 2024 in August 2024.
The current trend index for new orders in the import and export trade industry fell from 44.8 in July 2024 to 43.4 in August 2024, while the outlook index for new orders for the next month (September 2024) is 46.4.
Comment
A spokesperson for the Hong Kong government stated that the overall business climate for SMEs in August slightly weakened, but the situation in individual industries differed. SMEs' overall expectations for the business situation in the next month remain stable. Overall employment conditions have improved.
The spokesperson added that the business climate will continue to be affected by various external uncertainties, but the various supportive measures from the central government and the continued growth of the local economy in Hong Kong should provide support. The Hong Kong government will closely monitor the situation.
