HK's service industry business receipts rise in Q4

Almost all of Hong Kong's major service industries' business receipts showed sharp increases in terms of value in the fourth quarter of 2012 when compared with the fourth quarter of 2011, the city's Census & Statistics Department said on Monday.

According to the figure released, double-digit increases were recorded in the courier, warehousing and storage, insurance, real estate, accommodation services, information and communications, financing (except banking) industries and so on.

On a seasonally adjusted quarter-to-quarter comparison, more than half of the major service industries recorded increases in business receipts in the fourth quarter of 2012 when compared with the third quarter of 2012.

For 2012 as a whole, most major service industries recorded year-on-year increases in business receipts, including warehousing and storage and courier industries.