|
|
|||||||||||
| GROSS DOMESTIC PRODUCT | |||||||||||||||||||||||||||||||||||||||
| In the second quarter of 2010, the Gross Domestic Product (GDP) increased by 6.5% in real terms over a year earlier, compared with the 8.0% increase in the first quarter of 2010. On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 1.4% in real terms in the second quarter of 2010. Analysed by major GDP component, private consumption expenditure increased by 4.6% in real terms in the second quarter of 2010 over a year earlier, compared with the 7.1% growth in the first quarter. Government consumption expenditure in national accounts terms increased by 2.7% in real terms in the second quarter of 2010 over a year earlier, compared with the growth of 3.4% in the first quarter. Gross domestic fixed capital formation (GDFCF) increased by 15.2% in real terms in the second quarter of 2010 over a year earlier, notably larger than the 8.2% increase in the first quarter. Within the total GDFCF, expenditure on machinery, equipment and computer software increased by 16.2% in real terms in the second quarter of 2010 over a year earlier, compared with the 11.9% increase in the first quarter. Expenditure on building and construction increased by 11.4% in real terms in the second quarter of 2010 over a year earlier, as against the 7.2% decrease in the first quarter. Expenditure on building and construction of the private sector decreased by 1.2% in real terms in the second quarter of 2010 while that of the public sector registered a strong growth of 57.7%. Over the same period, total exports of goods (comprising re-exports and domestic exports) increased significantly by 20.1% in real terms, compared with the 21.6% increase in the first quarter of 2010. Imports of goods also increased markedly by 23.6% in real terms in the second quarter of 2010. Exports of services increased by 16.9% in real terms in the second quarter of 2010 over a year earlier, after the 17.9% increase in the first quarter. Imports of services also increased by 12.3% in real terms in the second quarter of 2010. The implicit price deflator of GDP, as a broad measure of overall inflation in the economy, decreased by 0.6% in the second quarter of 2010 from a year earlier, as against the 2.0% increase in the first quarter. After incorporation of the latest information available, the percentage change of GDP in real terms for the first quarter of 2010 was revised slightly downwards from 8.2% to 8.0%. |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||||
|
Chong Hing Securities Ltd. © Copyright of this web site is owned by Chong Hing Securities Ltd and powered by Infocast Ltd Disclaimer: The Stock Exchange of Hong Kong Ltd. and Chong Hing Securities endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability, whether in tort or contract or otherwise, for any loss or damage arising from any inaccuracies or omissions. |
Stock Information Provided by Infocast Limited
[
Disclaimer
]
|