DATA VIEW: HK Exports Slow In July, But Momentum Intact
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HONG KONG (Dow Jones)--Hong Kong&#39;s export expansion slowed a touch in July, as expected, but still continued at double-digit rates thanks to high trade volume with mainland China.
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The nation&#39;s factories cranked out more products in July, miners dug more minerals and builders broke ground on more homes, the government said yesterday in three reports that showed some rebound in economic activity last month.
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July factory orders rose the most in four months, exceeding forecasts, and productivity gains slowed last quarter, two government reports released yesterday showed.
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Hong Kongâs gross domestic product rose 7.2 per cent year-on-year in the third quarter as strong trade flows and tourist spending continued to drive its recovery from the outbreak of severe acute respiratory syndrome last year.
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The nation's factories cranked out more products in July, miners dug more minerals and builders broke ground on more homes, the government said yesterday in three reports that showed some rebound in economic activity last month.
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Inflation in the 12 countries sharing the euro slowed for a second month in July as faltering consumer demand deterred companies from passing on higher energy costs.
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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, sales of new homes slid, according to a pair of reports that offered a mixed picture of economic activity.
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The Commerce Department said that stocks of unsold goods increased by 0.9 percent in July, down from a 1.1 percent rise in June.
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U.S. stocks were little changed in  fairly light trade on Wednesday after government reports for  July on durable goods orders and new home sales cast some doubt  on the strength of the economy.
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By Channel NewsAsia&#39;s Malaysia Correspondent Melissa Goh. KUALA LUMPUR : Malaysia expects to resume export of poultry and eggs from two states to Singapore by the end of this month but only after meeting conditions set by the island.
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Job turnover in July moved at the  slowest pace in more than a year due to a softening labor  market, a government report showed on Tuesday.
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According to news.gov.hk: The first quarter saw Hong Kong's total exports to the Mainland for outward processing riseto $103.3 billion, up 21% on the same period last year.
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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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WASHINGTON (CBS.MW) - The US trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.
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Hong Kong&#39;s economy is on track to reach the forecast 7.5 percent growth for the full year, government economist Kwok Kwok-chuen said here Friday at a press briefing.
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Hong Kong&#39;s benchmark stock index completed a second year of gains, its first consecutive advance since 1996. Banks and developers rose in 2004&#39;s final trading day on optimism a rebound in the property market will be sustained.
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The U.S. trade deficit declined slightly in July, helped by record exports that offset the biggest foreign oil bill in nearly a year. But even a spate of recalls did not stop the deficit with China from climbing to the second-highest level on record.