The Census and Statistics Department of the Hong Kong Government announced on September 10 that the business revenue of major service industries recorded growth in the first half of the second quarter of this year.
Among them, the service industries that recorded double-digit year-on-year revenue growth include the financial sector (excluding banks) (+43.8%), banking sector (+27.8%), real estate sector (+13.4%), information and communications sector (+11.6%), warehousing and storage sector (+11.4%), and insurance sector (+10.8%). The accommodation services sector, however, saw a year-on-year decline of 10.9%.
Compared to the previous quarter, about half of the major service industries recorded varying degrees of revenue increase after seasonal adjustment in the second quarter of this year. The financial sector (excluding banks) and the banking sector had the largest revenue increases, rising by 20.5% and 19.5%, respectively. The accommodation services sector and the import and export trade sector experienced more significant revenue declines, falling by 5.8% and 5.7%, respectively.