Core Insights - The current business situation index for small and medium-sized enterprises (SMEs) in Hong Kong is reported at 42.1 for July, indicating a contraction in business activity, while the outlook index for August is at 45.5, suggesting a slight improvement in expectations [1] Industry Analysis - The real estate sector's current business situation index increased from 44.2 to 46.2, indicating a positive trend in this industry [1] - The commercial services sector also saw an increase in its index from 43.5 to 44.8, reflecting improved business conditions [1] - The current situation index for new orders in the import and export trade sector remained stable at 45.0 for July, with an outlook index of 47.0 for August, suggesting a cautious optimism in this area [1] Economic Outlook - A government spokesperson noted a slight improvement in the business atmosphere for SMEs in July and their expectations for the upcoming month [1] - Despite high uncertainties in the external environment, the resilience of the local economy and steady growth in the mainland economy are expected to provide support for Hong Kong's business climate [1]

Core Insights - The current business situation index for small and medium enterprises (SMEs) in Hong Kong increased from 41.6 in June 2025 to 42.1 in July 2025, indicating a slight improvement in business conditions [1] - The future business outlook index for August 2025 is projected at 45.5, suggesting a more optimistic view among SMEs [1] - Specific industries, such as real estate and commercial services, showed notable increases in their respective indices, with real estate rising from 44.2 to 46.2 and commercial services from 43.5 to 44.8 [1] Industry Analysis - The current orders index for the import and export trade sector remained stable at 45.0 in July 2025, while the future orders outlook index for August 2025 is at 47.0, indicating potential growth [1] - The government spokesperson noted a slight improvement in the business atmosphere for SMEs and stable overall employment conditions [1] - Despite high uncertainty in the external environment, the local economy remains resilient, supported by steady growth in the mainland economy [1]