The overall business sentiment of Hong Kong's small and medium-sized enterprises stabilizes, with overall business conditions expected to improve
The overall business sentiment of small and medium-sized enterprises in Hong Kong stabilized in September, with business expectations for the next month also showing some improvement. According to a survey by the Hong Kong government's Census and Statistics Department, the current income trend index for small and medium-sized enterprises rose from 41.3 to 41.6 in September, with a future outlook index of 47.0. Despite uncertainties in the external environment, rate cuts in the United States and support policies from the central government are expected to help improve the business atmosphere
According to the latest information from the Economic Digest app, the Hong Kong government's Census and Statistics Department released the results of the monthly survey on the business conditions of small and medium-sized enterprises (SMEs) in September 2024 today (October 10). A government spokesperson stated that the overall business sentiment of SMEs in September has stabilized, and the overall expectations for business conditions in the next month have also improved. The overall employment situation in September has also further improved. Despite some negative impacts from uncertainties in the external environment, the rate cut by the United States should benefit the business environment. Recent policy measures to support the mainland economy by the central government, as well as various measures to benefit Hong Kong, will also provide support. The government will closely monitor the situation.
Specifically, the current trend index of business income for SMEs has risen from 41.3 in August 2024 in the contraction zone to 41.6 in September 2024, while the outlook index for business income in the next month (October 2024) is 47.0. In terms of industry analysis, although the current trend index of business income is below the dividing line of 50, many industries covered in the survey have shown varying degrees of increase in their respective indices in September 2024 compared to the previous month, especially in the logistics industry (from 35.9 to 40.3) and the catering industry (from 34.7 to 36.5).
The current trend index of new orders in the import and export trade industry has risen from 43.4 in August 2024 to 44.5 in September 2024, while the outlook index for new orders in the next month (October 2024) is 46.1