The Census and Statistics Department (C&SD) released today (October 24) the results of the Quarterly Business Tendency Survey for the fourth quarter (Q4) of 2014. For all surveyed sectors taken together, slightly more respondents expect their business situation to be better (17%), as compared to those expecting it to be worse (10%), in Q4 2014 over Q3 2014.
When compared with the results of Q3 2014 survey round, the proportion of respondents expecting their business situation to remain unchanged has slightly increased, from 72% to 74%.
A Government spokesman cautioned that the results of the survey should be interpreted with care. "In this type of survey on expectations, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents' perception of the future accords with the underlying trends." The spokesman further explained that the enumeration period for this survey round was from September 8, 2014 to October 14, 2014. As most of the enumeration work had been completed in September 2014, the views collected might not yet reflect the change in business expectations arising from the disruptions to economic activities caused by the recent "Occupy Central" movement.
Analysed by sector, significantly more respondents in the information and communications; and financing and insurance sectors expect their business situation to be better, as compared to those expecting it to be worse, in Q4 2014 over Q3 2014. In the import/export trade and wholesale sector, however, more respondents expect their business situation to be worse, as compared to those expecting it to be better. ~
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