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HKTDC Export Index 3Q21: COVID, transportation costs dim Christmas sales outlook

HONG KONG, Sep 14, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) announced today that its Export Index for the third quarter of this year (Q3) fell 9.7 points back to its first-quarter level of 39.0, after rising for five consecutive quarters, as sector and market sub-indexes declined across the board. The latest survey results indicate perceived uncertainties over Hong Kong's export performance in the coming months, especially during the traditional peak Christmas season.HKTDC Economist Samantha Yim, Director of Research Nicholas Kwan and Assistant Principal Economist (Greater China) Alice Tsang announced the HKTDC Export Index for the third quarter of 2021 at a press conference today [L-R]HKTDC Director of Research Nicholas Kwan said business confidence in Hong Kong's exports for the near term has been undermined by continuing uncertainties over the COVID-19 pandemic and surging transportation costs. Only 20.2% of Hong Kong businesses polled in the Q3 survey anticipated an increase in their Christmas sales this year, compared with 38.7% who foresaw no change and 41.1% who predicted a decline. Most respondents in the latter category expe...