Hong Kong Q3 GDP expands by 3.8% y/y, faster than forecast

By James Pomfret

HONG KONG (Reuters) -Hong Kong's economy expanded in the third quarter by a faster-than-expected 3.8% year-on-year, official advance estimates showed on Friday, growing for an 11th consecutive quarter.

That was a faster rate than the mean forecast of 3.1% year-on-year growth by 10 economists in a Reuters poll.

Hong Kong reported 3.1% economic growth in the second quarter and 3.0% growth in the first quarter of 2025.

"Looking ahead, the Hong Kong economy should see further solid growth for the rest of 2025," a government spokesman said.

"Sustained moderate growth of the global economy in the near term, together with the persistent stellar demand for electronics-related products of late, should provide further support to Hong Kong's exports of goods."

On a seasonally adjusted quarterly basis, the economy expanded 0.7% in July-September, the data showed. That compared with a (revised) 0.4% in April-June and 1.8% in January-March.

Overall investment expenditure rose, and total exports of goods grew markedly, the government said.

Private consumption expenditure increased by 2.1% in the third quarter, compared with a 1.9% growth in the second quarter and a fall of 1.2% in the first quarter.

Goods exports rose 12.2%, compared with an 11.5% jump in the second quarter and a 8.4% surge in the first quarter.

Imports of goods increased 11.7%, as compared with a 12.6% increase in the second quarter and a 7.2% surge in the first quarter.

(Reporting by Hong Kong newsroom; Editing by James Pomfret and Christian Schmollinger and Mark Heinrich)

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