Friday, 6th August 2004 (3840 views)

Export growth forecasts for Hong Kong have been raised by the Trade Development Council (TDC) to 12 per cent.

The forecast was increased from seven per cent following a revision by the council and a higher than expected external trade increase in the first half.

According to China Daily, total exports stood at HK$926.3 billion in the first half of the year, an increase of 15 per cent compared to last year.

In addition exports to major markets have grown, with mainland, EU and US exports increasing by 19, 14 and five per cent accordingly.

It is thought that jewellery is to be a key performer for Hong Kong's merchandise exports, with jewellery seeing a 19 per cent rise in the first six months.

Economists have claimed that the export increase is due to the weakness of the US dollar and the world economic pick up.

 

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