HONG KONG (Reuters) - Hong Kong's economy grew 2.9 percent in the third quarter from a year earlier, the government said on Friday, boosted by steady consumer spending, but the outlook for the city is overshadowed by trade tensions between Washington and Beijing.
The average forecast from five economists was for a third-quarter growth of 2.9 percent from a year earlier.
The growth rate compares with an annual expansion of 3.5 percent in the second quarter.
In July-September, the economy expanded 0.1 percent from the previous quarter, on a seasonally adjusted basis. The quarterly pace was slower than the second quarter's 0.2 percent.
(Reporting By Anne Marie Roantree; Editing by Gopakumar Warrier)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app