Quarterly business receipts indices for service industries for second quarter of 2025
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Comparing the second quarter of 2025 with the second quarter of 2024, double-digit increases were recorded in business receipts indices of the financing (except banking) (+27.7%), import/export trade (+21.2%), insurance (+20.7%) and banking (+14.5%) industries. On the other hand, the real estate industry recorded a decrease of 8.1% in business receipts index during the same period.
Analysed by service domain, business receipts index of the computer and information technology services domain increased by 75.6% year-on-year during the same period, while that of the tourism, convention and exhibition services domain also increased by 9.6% year-on-year.
On a seasonally adjusted quarter-to-quarter comparison, business receipts in value terms of around half of the major service industries recorded increases of varying magnitudes in the second quarter of 2025 when compared with the first quarter of 2025. In particular, business receipts indices of the financing (except banking) and real estate industries increased by 3.5% and 3.0% respectively. On the other hand, business receipts index of the insurance industry decreased by 13.9% during the same period.
Analysed by service domain, comparing the second quarter of 2025 with the first quarter of 2025 on a seasonally adjusted basis, business receipts index of the computer and information technology services domain increased by 10.0%, whereas that of the tourism, convention and exhibition services domain decreased by 5.6%.
Commentary
A Government spokesman said that business receipts of most service industries recorded increases in the second quarter of 2025 over a year earlier. More notable increases in business receipts were seen for the financing (except banking), import/export trade, insurance, and banking industries.
Looking ahead, the continued economic expansion should benefit the business of various service industries. Though some industries may be more affected by external uncertainties, steady economic growth in Asia particularly the Mainland, sustained increases in local employment earnings, together with the Government's various measures to boost the economy and attract investment, would provide support to different service industries.
Further information
Table 1 presents the business receipts indices and their corresponding year-on-year rates of change in respect of selected service industries and service domains for the recent five quarters, while Table 2 shows the corresponding quarter-to-quarter rates of change in the business receipts indices for the recent five quarters based on the seasonally adjusted series.
The revised figures of business receipts indices for the second quarter of 2025 will be released at the website of the C&SD (www.censtatd.gov.hk/en/web_table.html?id=660-69001) on October 17, 2025.
Data for compiling the business receipts indices are mainly based on the Quarterly Survey of Service Industries conducted by the C&SD, supplemented by relevant data provided by the Hong Kong Monetary Authority and the Hong Kong Tourism Board.
A service domain differs from a service industry in that it comprises those economic activities which straddle different industries but are somehow related to a common theme. It may include all activities carried out by all establishments in a service industry that is closely related to the domain. For a service industry that is less closely related, however, only a portion of the establishments in the industry or even only part of the economic activities of the establishments is related to the domain. Taking the tourism, convention and exhibition services domain as an example, it includes all services of convention and exhibition organisers, short-term accommodation services and services of travel agents, and some of the services (only those involving visitors as customers) of restaurants, retailers and transport operators.
The classification of service industries follows the Hong Kong Standard Industrial Classification Version 2.0, which is used in various economic surveys for classifying economic units into relevant industry classes.
More detailed statistics are given in the report "Quarterly Business Receipts Indices for Service Industries, Second Quarter 2025". Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080006&scode=520).
For enquiries about the business receipts indices, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7274 or e-mail: business-receipts@censtatd.gov.hk).
Ends/Tuesday, September 9, 2025
Issued at HKT 16:30
Issued at HKT 16:30
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