Trade
Hong Kong Exports Fall for Sixth Straight Month on Waning Demand
The Kwai Tsing Container Terminal in Hong Kong.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Hong Kong’s exports fell again in October, marking six straight months of decline this year as demand continues to drop off an economic contraction this year appears all but certain for the city.
Overseas shipments dropped 10.4% last month from a year earlier, the Census and Statistics Department said Monday. That was worse than the median estimate of an 8% decline in a Bloomberg survey of economists, and compared with a decline in September of 9.1%.