Hong Kong's economy expanded at a faster pace in the first quarter, the advance estimates from the Census and Statistics Department showed on Tuesday.
Gross domestic product advanced 5.9 percent year-over-year in the first quarter, faster than the 4.0 percent growth in the fourth quarter.
The expenditure breakdown showed that private consumption expenditure grew 5.0 percent from last year, and government consumption was 2.9 percent higher. Gross domestic fixed capital formation expanded sharply by 17.7 percent, while net exports were not favorable as imports of goods and services grew faster than exports.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.