智通财经APP获悉，9月19日，香港特区政府统计处发布2025年第二季环比物量计算按经济活动划 分的本地生产总值初步数字。根据初步统计数字，整体本地生产总值在2025年第二季较上年同期实质上 升3.1%，而第一季的升幅为3.0%。 地产、专业及商用服务业的增加价值，在2025年第二季与上年同期比较录得0.2%的实质跌幅，而 第一季的跌幅为0.5%。 公共行政、社会及个人服务业的增加价值，在2025年第二季与上年同期比较实质上升2.2%，而第 一季的升幅为1.7%。 就服务行业以外的其他行业而言，本地制造业的增加价值，在2025年第二季与上年同期比较实质上 升0.9%，而第一季的升幅为0.7%。 电力、燃气和自来水供应及废弃物管理业的增加价值，在2025年第二季与上年同期比较实质上升 0.2%，而第一季则下跌1.3%。 住宿及膳食服务业的增加价值，在2025年第二季与上年同期比较实质下跌1.8%，与第一季的跌幅 大致相同。 运输、仓库、邮政及速递服务业的增加价值，在2025年第二季与上年同期比较实质上升5.6%，而 第一季的升幅为2.6%。 信息及通讯业的增加价值，在2025年第二季与上年同期比较实质上升1.1 ...

9月19日，香港特区政府统计处发布2025年第二季环比物量计算按经济活动划分的本地生产总值初步数 字。根据初步统计数字，整体本地生产总值在2025年第二季较上年同期实质上升3.1%，而第一季的升 幅为3.0%。 按组成服务行业分析及与上年同期比较，所有服务活动合计的增加价值在2025年第二季实质上升 3.4%，而第一季的升幅为2.5%。 就服务行业以外的其他行业而言，本地制造业的增加价值，在2025年第二季与上年同期比较实质上升 0.9%，而第一季的升幅为0.7%。 电力、燃气和自来水供应及废弃物管理业的增加价值，在2025年第二季与上年同期比较实质上升 0.2%，而第一季则下跌1.3%。 建造业的增加价值，继2025年第一季与上年同期比较实质下跌4.9%后，在第二季下跌8.7%。 进出口贸易、批发及零售业的增加价值，在2025年第二季与上年同期比较实质上升6.1%，而第一季的 升幅为4.2%。 住宿及膳食服务业的增加价值，在2025年第二季与上年同期比较实质下跌1.8%，与第一季的跌幅大致 相同。 运输、仓库、邮政及速递服务业的增加价值，在2025年第二季与上年同期比较实质上升5.6%，而第一 季的升幅为2 ...

Economic Overview - The overall local GDP in Hong Kong for Q2 2025 increased by 3.1% compared to the same period last year, slightly up from a 3.0% increase in Q1 2025 [1] Service Industry Analysis - The total value added by all service activities rose by 3.4% in Q2 2025, compared to a 2.5% increase in Q1 2025 [1] - The value added by import and export trade, wholesale, and retail industries increased by 6.1% in Q2 2025, up from a 4.2% increase in Q1 2025 [1] - The accommodation and food services sector saw a decline of 1.8% in value added in Q2 2025, consistent with a similar decline in Q1 2025 [1] - The transportation, warehousing, postal, and courier services sector increased by 5.6% in Q2 2025, compared to a 2.6% increase in Q1 2025 [1] - The information and communications sector's value added rose by 1.1% in Q2 2025, remaining stable compared to Q1 2025 [1] Financial and Professional Services - The financial and insurance sector's value added increased by 5.3% in Q2 2025, up from a 4.2% increase in Q1 2025 [2] - The real estate, professional, and business services sector recorded a slight decline of 0.2% in Q2 2025, an improvement from a 0.5% decline in Q1 2025 [2] - The public administration, social, and personal services sector increased by 2.2% in Q2 2025, compared to a 1.7% increase in Q1 2025 [2] Manufacturing and Utilities - The local manufacturing sector's value added rose by 0.9% in Q2 2025, compared to a 0.7% increase in Q1 2025 [2] - The electricity, gas, water supply, and waste management sector saw a 0.2% increase in value added in Q2 2025, recovering from a 1.3% decline in Q1 2025 [2] Construction Industry - The construction sector experienced a decline of 8.7% in value added in Q2 2025, following a 4.9% decline in Q1 2025 [3]

今年第二季度香港本地居民总收入同比上升5.2% 来源：中国新闻网 中新社香港9月12日电 香港特区政府统计处12日发布今年第二季度的香港本地居民总收入及相关数字的 初步统计数字。以当时市价计算的香港本地居民总收入(指香港居民通过从事各项经济活动而赚取的总 收入)，今年第二季度较去年同期上升5.2%至8922亿元(港元，下同)。 统计数据显示，今年第二季度以当时市价计算的本地生产总值估计为7852亿元，按年升幅为3.7%。今 年第二季的香港本地居民总收入较本地生产总值多出1070亿元，相当于该季度本地生产总值的13.6%， 主要是由于投资收益净流入。 扣除其间价格变动的影响后，今年第二季度的香港本地居民总收入较上年同期实质上升3.6%，而本地 生产总值在同季实质上升3.1%。(完) 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 编辑：郭晋嘉 广告等商务合作，请点击这里 ...

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]

Group 1 - The revised GDP for Macau in Q2 2025 is 100.39 billion MOP, reflecting a real growth of 5.1% year-on-year, with the economy recovering to 88.8% of the level seen in the same period of 2019 [1] - The number of visitors to Macau increased by nearly 20% year-on-year in Q2, leading to a 6.0% rise in overall service exports, with other tourism services and gaming service exports increasing by 5.9% and 9.9% respectively [1] - Government final consumption expenditure and private consumption expenditure rose by 1.0% and 0.3% year-on-year in Q2, while fixed capital formation fell by 3.7% due to a decrease in private construction projects [1] Group 2 - The revised GDP for Macau in the first half of the year is 200.15 billion MOP, showing a real increase of 1.8% year-on-year, with the economic total recovering to 87.0% of the level seen in the same period of 2019 [2] - Service exports increased by 1.0% year-on-year in the first half, while government final consumption expenditure, private consumption expenditure, and fixed capital formation rose by 1.1%, 0.3%, and 1.8% respectively [2] - The implicit price deflator for GDP decreased by 0.5% year-on-year, indicating a decline in overall price changes [2]

Core Viewpoint - Hong Kong's economy showed a steady expansion in Q2 2025, with a real GDP growth of 3.1% year-on-year, slightly up from 3% in Q1 2025 [1] Economic Performance - The seasonally adjusted GDP increased by 0.4% from Q1 to Q2 2025 [1] - Private consumption expenditure rose by 1.9% year-on-year in Q2 2025, recovering from a decline of 1.2% in Q1 2025 [1] Contributing Factors - Strong export performance and improved local demand supported the economic growth in Q2 2025 [1] - External demand remained robust, with overall merchandise exports accelerating [1] - The tourism sector saw significant growth, alongside increased cross-border transportation and active financial services due to a thriving stock market [1] Future Outlook - The steady growth of the economy in mainland China and various government measures to boost consumer sentiment, attract investment, and diversify markets are expected to provide solid support for Hong Kong's economy [1] - However, high uncertainty in the external environment may impact future economic performance [1]

Economic Overview - The overall local GDP in Hong Kong increased by 3.1% in Q1 2025 compared to the same period last year, up from a 2.5% increase in Q4 2024 [1] Service Sector Analysis - The total value added by all service activities rose by 2.6% in Q1 2025 year-on-year, compared to a 1.7% increase in Q4 2024 [1] - The value added by import and export trade, wholesale and retail industries increased by 4.2% in Q1 2025 year-on-year, contrasting with a 0.2% decline in Q4 2024 [1] - The accommodation and food services sector saw a decrease of 1.8% in value added in Q1 2025 year-on-year, following a 2.6% increase in Q4 2024 [1] - The transportation, warehousing, postal, and courier services sector's value added rose by 2.9% in Q1 2025 year-on-year, down from a 6.8% increase in Q4 2024 [1] - The information and communications sector's value added increased by 1.3% in Q1 2025 year-on-year, slightly down from a 1.5% increase in Q4 2024 [1] - The financial and insurance sector's value added rose by 4.4% in Q1 2025 year-on-year, compared to a 1.9% increase in Q4 2024 [1] Other Industries - The real estate, professional, and business services sector recorded a 0.3% decline in value added in Q1 2025 year-on-year, following a 1.7% increase in Q4 2024 [2] - The public administration, social, and personal services sector's value added increased by 1.7% in Q1 2025 year-on-year, down from a 3.0% increase in Q4 2024 [2] - The local manufacturing sector's value added rose by 0.7% in Q1 2025 year-on-year, compared to a 1.0% increase in Q4 2024 [2] - The electricity, gas, water supply, and waste management sector experienced a 1.4% decline in value added in Q1 2025 year-on-year, following a 3.0% increase in Q4 2024 [2] Construction Industry - The construction sector's value added declined by 1.9% in Q1 2025 year-on-year, following a 4.7% decrease in Q4 2024 [3]

Economic Performance - Hong Kong's real GDP grew by 3.1% year-on-year in Q1 2025, an increase from 2.5% in the previous quarter [1][4] - Seasonally adjusted, the real GDP rose by 1.9% quarter-on-quarter, revised from an earlier estimate of 2.0% [4] Trade and Exports - Overall merchandise exports increased significantly by 8.4% year-on-year in Q1 2025, up from a 1.3% increase in the previous quarter [6] - Service output also expanded by 6.6% year-on-year in Q1 2025, following a 6.5% increase in the previous quarter [6] Investment and Consumption - Total investment expenditure showed a moderate growth of 2.8% year-on-year in Q1 2025, recovering from a slight decline of 0.7% in the previous quarter [7] - Private consumption expenditure continued to decline slightly by 1.1% year-on-year, reflecting ongoing changes in consumer behavior [7] Labor Market - The unemployment rate remained low at 3.2% in Q1 2025, slightly up from 3.1% in the previous quarter, while the underemployment rate held steady at 1.1% [8] Asset Market - The Hong Kong stock market experienced volatility, with the Hang Seng Index reaching a three-year high of 24,771 points in mid-March 2025, before closing at 23,120 points at the end of Q1, a 15.3% increase from the end of 2024 [10] - Residential property prices declined by 2% in Q1 2025, while overall residential rents increased slightly by 0.4% [11] Inflation - The basic composite consumer price index rose by 1.2% year-on-year in Q1 2025, consistent with the previous quarter [12] - The overall composite consumer price index increased by 1.6% year-on-year, up from 1.4% in the previous quarter [12] Economic Forecast - The forecast for Hong Kong's real GDP growth for 2025 remains at 2% to 3%, consistent with earlier projections [15][17] - The inflation rate predictions for basic and overall consumer prices are maintained at 1.5% and 1.8%, respectively [15][17]

Core Viewpoint - The Hong Kong Special Administrative Region government released the "2025 Q1 Economic Report" and revised local GDP figures, indicating a positive growth trend in the economy [1] Economic Performance - The real local GDP of Hong Kong grew by 3.1% year-on-year in Q1 2025, compared to a growth of 2.5% in the previous quarter [1] - Seasonally adjusted, the real local GDP increased by 1.9% quarter-on-quarter in Q1 2025, up from a 0.9% increase in the previous quarter [1]