香港统计处：香港2025年第二季GDP同比增长3.1%

Economic Performance - In Q2 2025, Hong Kong's real GDP grew by 3.1% year-on-year, matching the previous quarter's growth of 3.0% [1] - Seasonally adjusted, the real GDP increased by 0.4% quarter-on-quarter, down from 1.8% in the previous quarter [1] External Trade - Overall merchandise exports accelerated to a growth of 11.5% year-on-year in Q2 2025, following an 8.4% increase in the previous quarter [2] - Exports to mainland China continued to show double-digit growth, while exports to ASEAN markets also increased [2] - Service output expanded by 7.5% year-on-year in Q2 2025, supported by strong tourism and cross-border transport [2] Internal Economy - Private consumption expenditure rose by 1.9% year-on-year in Q2 2025, recovering from a decline of 1.2% in the previous quarter [3] - Government consumption expenditure increased by 2.5% year-on-year in Q2 2025 [3] - Overall investment expenditure rose by 2.8% year-on-year, with significant increases in machinery and equipment spending [3] Labor Market - The unemployment rate increased to 3.5% in Q2 2025, up from 3.2% in the previous quarter [4] - The median monthly employment income for full-time employees grew by 6.3% year-on-year [4] Asset Market - The Hong Kong stock market maintained an upward trend, with the Hang Seng Index rising by 4.1% to 24,072 points by the end of Q2 2025 [5] - The residential property market showed signs of stabilization, with overall residential prices increasing by 1% [5] - The number of residential property transactions registered a significant rebound of 37% compared to the previous quarter [5] Inflation and Price Outlook - The basic composite consumer price index rose by 1.1% year-on-year in Q2 2025, slightly down from 1.2% in the previous quarter [6] - The overall inflation rate is projected to remain mild, with forecasts for basic and overall consumer price inflation at 1.5% and 1.8%, respectively [8] Future Economic Forecast - The economic outlook for the remainder of 2025 remains positive, with real GDP growth projected between 2% and 3% [7] - Factors such as ongoing employment income growth and a recovering property market are expected to support economic performance [7] - The uncertainty surrounding U.S. tariffs and interest rate changes may impact local investment sentiment [7]