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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

99k private flats projected

The projected private flat supply for the next three to four years is 99,000 units, 1,000 more than the previous estimate.   The Transport & Housing Bureau today said there were 14,000 unsold units in completed projects at the end of March.   There were 70,000 units under construction, excluding those pre-sold by developers, and 15,000 units from disposed sites where construction may start any time.   The number of flats under construction in the first quarter was 3,800, while 8,100 units were completed during the period.   Click here for details.
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