Hong Kong's Gross Domestic Product, or GDP, in real terms rose 7.1% year-on-year in the first quarter, slightly quicker than 6.9% growth seen in the fourth quarter of the previous year, the Census and Statistics Department said Friday. Quarter-on-quarter, the seasonally adjusted GDP grew 1.8%.
In the first quarter, private consumption expenditure grew 7.9% year-on-year in real terms. This is slower than the fourth quarter figure of 9.5%. Government consumption expenditure in national accounts terms registered marginal increase of 0.3% year-on-year in real terms in the first quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.