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Trade, retail sectors rise

Business | Esther Yu Mar 21, 2017
Hong Kong's fourth-quarter GDP rose 3.1 percent compared with a year back and both retail and trade improved.

Output in trade and retail has risen by 1.5 percent, said the government. Net output in respect of all service activities increased by 2.6 percent while that of financing and insurance grew by 5 percent.

GDP increased by 1.9 percent in 2016 when net output saw an increase of 2.3 percent for all service sectors taken together. Net output in the manufacturing sector dropped by 0.8 percent.

In the construction sector, output was up 7.2 percent in the fourth quarter, accelerating from the 2.4 percent growth the previous year. Net output in the real estate, professional and business services sector increased by 3.6 percent.



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