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HK's GDP up 1.3% in Q3

Nov. 19, 2012 (China Knowledge) - Hong Kong saw a 1.3% growth in its real gross domestic product in the third quarter of this year, due to strong growth in exports and robust domestic demand, according to statistics released by the government of the Hong Kong Special Administrative Region.

The government said that the growth in the third quarter was slightly higher than the 1.2% expansion in the second quarter of this year.

After seasonal adjustment, the real GDP in the first quarter climbed 0.6% quarter on quarter in real terms.

In the third quarter, the city's exports goods and services recorded a YoY increase of 4% and 0.1% in real terms, respectively.

The local government expected its inflation to rise 3.9% this year, higher than the earlier estimate of 3.7%.

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