Business receipts in value terms of most of the major service industries showed increases of different magnitudes in the fourth quarter of 2013 when compared with the fourth quarter of 2012, according to the provisional figures of business receipts indices released today (March 10) by the Census and Statistics Department (C&SD).
Comparing the fourth quarter of 2013 with the fourth quarter of 2012, double-digit increases were recorded in business receipts of the courier (+19.8%); banking (+18.6%); insurance (+18.0%); and warehousing and storage (+17.3%) industries. On the other hand, business receipts of the financing (except banking) industry decreased by 5.1% during the same period.
Analysed by service domain, business receipts of the tourism, convention and exhibition services domain increased by 11.3%, while those of the computer and information technology services domain increased by 1.0% during the same period.
On a seasonally adjusted quarter-to-quarter comparison, more than half of the major service industries recorded increases in business receipts of different magnitudes in the fourth quarter of 2013 when compared with the third quarter of 2013. In particular, business receipts of the real estate industry increased by 14.8%. On the other hand, amongst those major service industries recording decreases in business receipts, the courier industry registered a more significant decrease of 15.6%.
For 2013 as a whole, almost all major service industries recorded year-on-year increases in business receipts. More notable increases were recorded in the courier (+26.1%); banking (+16.8%); and insurance (+15.0%) industries.
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