{
  "id": 17939113,
  "title": "Hong Kong records 15th straight quarter of growth as GDP rises 5.2%",
  "url": "https://urgent.news/2026/11/03/hong-kong-records-15th-straight-quarter-of-growth-as-gdp-rises-5-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T08:59:10.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3373121/hong-kong-records-15th-straight-quarter-growth-gdp-rises-52"
  },
  "original_language": "en",
  "account": "Hong Kong's economy demonstrated robust growth for a record 15th consecutive quarter in the third financial quarter, with GDP expanding by 5.2% year-on-year. Retail sales also rose notably in September, recording a 6.4% increase. The Census and Statistics Department's advance estimates revealed that GDP growth had increased from 4.2% in the second quarter to 5.9% in the first quarter. Over the first three quarters, the economy expanded by 5.1%, marking the quickest growth in this period in five years. On a seasonally adjusted basis, GDP rose by 1.9% from the previous quarter.\n\nGovernment spokesman attributed the robust expansion to accelerating exports and solid domestic demand. Goods exports surged 30.4% year-on-year in real terms, while service exports grew by 4.3%. Private consumption expenditure increased by 2.8%, a slight decline from 2.9% in the second quarter, while overall investment expenditure rose by 7.3%. The economy's performance in the first three quarters combined was 5.1%, the fastest growth in five years.\n\nFinancial Secretary Paul Chan Mo-po had earlier predicted that Hong Kong could achieve its strongest annual economic growth in five years, raising expectations of a further upgrade to the government's forecast. Authorities had previously raised their full-year growth forecast to between 3.5 and 4.5% from between 2.5 and 3.5% following a stronger-than-expected first half. The revised full-year forecast is due on November 13.\n\nExports remained strong in the third quarter, with September shipments increasing by 64.9% year-on-year to HK$762.6 billion, the fastest monthly growth in over four decades. This growth was driven by demand for artificial intelligence-related products. September also saw retail sales total HK$33.4 billion, marking an 8.3% increase from a year earlier, following growth of 5.6% in August and 4.5% in July. The growth was broad-based across various retail outlets, with jewellery, watches, and clocks experiencing the fastest growth at 20.3%, followed by optical shops at 14.6%. Motor vehicles and parts, however, faced the steepest decline of 34.7%, while department store sales fell by 4.1%. The Hong Kong Retail Management Association reported that 75% of its survey respondents indicated year-on-year sales growth in September, despite cautioning that uneven performance across categories suggests the sector has yet to fully recover. The association maintains its forecast for single-digit sales growth this year.",
  "summary": "Hong Kong’s economy grew by 5.2 per cent year on year in the third quarter, marking its 15th consecutive quarter of expansion, while retail sales rose by 6.4 per cent in September. Advance estimates released by the Census and Statistics Department on Tuesday showed gross domestic product growth compared with increases of 4.2 per cent in the second quarter and 5.9 per cent in the first. For the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
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        "url": "https://urgent.news/2026/11/03/crypto-com-to-shutter-consumer-app-in-hong-kong-in-february",
        "published": "2026-11-03T02:55:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "China market regulator to encourage Hong Kong listings",
        "url": "https://urgent.news/2026/11/03/china-market-regulator-to-encourage-hong-kong-listings",
        "published": "2026-11-03T03:37:14.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Crypto.com to shut Hong Kong app in February 2027",
        "url": "https://urgent.news/2026/11/03/crypto-com-to-shut-hong-kong-app-in-february-2027",
        "published": "2026-11-03T03:44:11.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Crypto.com to withdraw Hong Kong consumer app citing regulatory changes",
        "url": "https://urgent.news/2026/11/03/crypto-com-to-withdraw-hong-kong-consumer-app-citing-regulatory",
        "published": "2026-11-03T05:10:19.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Hong Kong third-quarter GDP expands by 5.2% year-on-year",
        "url": "https://urgent.news/2026/11/03/hong-kong-third-quarter-gdp-expands-by-5-2-year-on-year",
        "published": "2026-11-03T08:47:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}