The volume of business and output in all sectors in Hong Kong is expected to surge in the second quarter, revealed the Census and Statistics Department's quarterly business tendency survey here Thursday.

The survey, conducted by the Census and Statistics Department, gathers views on short-term business performance from senior managers of about 550 prominent establishments.

The manufacturing, construction, wholesale and retail, import and export trade, restaurants and hotels, transport, banks, financing and insurance, as well as real estate, business services and telecoms sectors anticipate a brighter outlook in the second quarter, according to the survey.

Significantly more respondents from all surveyed sectors expect their business situation to be better in Q2 over Q1 as respondents from all sectors expect an increase in their volume of business and output in Q2.

Analyzed by sector, significantly more respondents in the manufacturing, trade, banks, financing and insurance sectors expect their volume of business and output to increase.

Meanwhile, respondents from all sectors also expect employment to increase in Q2 and significantly more respondents in the real estate sector and the banks, financing and insurance sector expect the number of people they engage to rise, compared with those expecting it to fall.

Respondents from all sectors expect selling prices and service charges to rise with restaurants and hotels in particular expecting a rise in food and service charges.

Source: Xinhua