Inaugural HKTDC Export Confidence Index: Rising expectations of export uptick
HONG KONG, Mar 27, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) released its inaugural HKTDC Export Confidence Index today.
- HONG KONG, Mar 27, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) released its inaugural HKTDC Export Confidence Index today.
- An upgrade to the well-established HKTDC Export Index, the new quarterly HKTDC Export Confidence Index will provide a more nuanced and comprehensive overview of business sentiment among Hong Kong-based exporters.
- Derived from a survey of more than 500 Hong Kong exporters, the Export Confidence Index comprises five sub-indices - Sales and New Orders, Trade Value, Cost, Procurement and Inventory.
- This figure is close to the 50 benchmark (the dividing point between contractionary and expansionary trends) indicating an improved near-term export outlook.