Core Viewpoint - The business revenue index for major service industries in Hong Kong showed varying degrees of year-on-year increases in the third quarter of 2025, indicating overall growth in the service sector [1] Group 1: Business Revenue Index Changes - The business revenue index for the insurance industry increased by 40.7% year-on-year [1] - The financial industry (excluding banks) saw a year-on-year increase of 31.4% in its business revenue index [1] - The import-export trade industry experienced a 24.5% year-on-year rise in its business revenue index [1] - The banking sector's business revenue index rose by 12.9% year-on-year [1] - Conversely, the transportation industry reported a year-on-year decline of 5.8% in its business revenue index [1] Group 2: Sector-Specific Analysis - The computer and information technology services sector's business revenue index surged by 99.1% year-on-year and increased by 20.0% quarter-on-quarter [1] - The tourism, conference, and exhibition services sector experienced a year-on-year increase of 4.6% and a quarter-on-quarter rise of 6.8% in its business revenue index [1] Group 3: Future Outlook - The overall service industry is expected to continue expanding due to moderate global economic growth and easing US-China trade tensions, which will support trade-related sectors [1] - Improvements in local consumer sentiment, a steady increase in visitor arrivals, active financial market activities, and government initiatives to diversify the economy are anticipated to benefit various service industries [1] - However, external uncertainties will need to be closely monitored for their impact on specific industries [1]

Core Insights - The business revenue index for various major service industries in Hong Kong showed significant increases in Q3 2025 compared to Q3 2024, particularly in the insurance sector (+40.7%), financial services (excluding banks) (+31.4%), import-export trade (+24.5%), and banking (+12.9%) [1][2] - The computer and information technology services sector experienced a remarkable increase of 99.1% year-on-year, while the tourism, conference, and exhibition services sector saw a 4.6% increase [1] - In Q3 2025 compared to Q2 2025, the business revenue index for several major service industries also recorded increases, with the insurance sector showing a 23.9% rise [1] Industry Analysis - The business revenue index for the computer and information technology services sector increased by 20.0% when comparing Q3 2025 to Q2 2025, while the tourism, conference, and exhibition services sector saw a 6.8% increase [1] - The transportation industry, however, experienced a decline in its business revenue index, dropping by 5.8% year-on-year [1] - The outlook for Hong Kong's overall service industry remains positive, with expectations of continued expansion supported by moderate global economic growth and easing US-China trade tensions [2]