香港政府统计处：预估二季度香港GDP同比增长3.1%

Core Viewpoint - Hong Kong's economy continues to show resilience with a GDP growth of 3.1% year-on-year in Q2 2025, slightly higher than the previous quarter's growth of 3.0% [1][2] Economic Performance - The GDP for Q2 2025 increased by 0.4% compared to Q1 2025 after seasonal adjustment [1][2] - Private consumption expenditure rose by 1.9% year-on-year in Q2 2025, recovering from a decline of 1.2% in Q1 2025 [1] - Government consumption expenditure recorded a real increase of 2.5% year-on-year in Q2 2025, up from 0.9% in Q1 2025 [1] - Gross fixed capital formation increased by 2.9% year-on-year in Q2 2025, following a 1.1% rise in Q1 2025 [1] - Goods exports saw a significant increase of 11.5% year-on-year in Q2 2025, accelerating from 8.4% in Q1 2025 [1] - Goods imports rose by 12.7% year-on-year in Q2 2025, compared to a 7.2% increase in Q1 2025 [1] - Service output grew by 7.5% year-on-year in Q2 2025, up from 6.3% in Q1 2025 [1] - Service input increased by 7.0% year-on-year in Q2 2025, compared to 4.7% in Q1 2025 [1] External Factors - Strong external demand and improved local demand supported the economic expansion in Q2 2025 [2] - The "export rush" effect was driven by robust goods exports and a temporary easing of U.S. tariff measures [2] - The tourism sector's growth and increased cross-border transport contributed to the significant expansion of service output [2] Future Outlook - The outlook for Hong Kong's economy remains positive, supported by steady growth in the mainland economy and government measures to boost consumption and attract investment [3] - However, uncertainties in the external environment, including renewed U.S. tariffs and unclear interest rate policies, may impact future economic performance [3] - The anticipated decline of the "export rush" effect later in the year could also influence economic dynamics [3]