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WorldPosted at: Nov 10 2017 2:34PM


Hong Kong's Q3 GDP expands s/adj 0.5 pct

HONG KONG, Nov 10 (Reuters) Hong Kong's economy grew a seasonally adjusted 0.5 percent in the third quarter from the second, official data showed on Friday, supported by retail sales, a pick-up in mainland tourist arrivals and strong global trade.
The pace was slower than the second quarter's 1.0 percent growth. One analyst with a quarter-on-quarter forecast expected the economy to have grown a seasonally-adjusted 0.6 percent.
From the previous year, gross domestic product in the third quarter grew 3.6 percent, easing from the second quarter's 3.8 percent. That slightly lagged the median estimate of 3.5 percent of five analysts surveyed by Reuters.
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