Hong Kong's economy grew at a faster pace in the first quarter of 2026, as initially estimated, the latest data from the Census and Statistics Department showed on Friday.
Gross domestic product advanced 5.9 percent year-over-year in the first quarter, following a 4.0 percent growth in the fourth quarter. Moreover, this was the strongest expansion since the second quarter of 2021. That was in line with the flash data published on May 5.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.