Hong Kong's Small Business Sentiment Sinks to Fresh Lows: Chart
(Bloomberg) -- Sentiment among Hong Kong’s small- and medium-sized businesses continues to deteriorate, hitting fresh lows in August as anti-government protests raged in the streets driving tourists away from key retail, restaurant and hospitality industries. Indexes tracking business receipts in retail trade and across all sectors dropped further below the 50 level which separates favorable and unfavorable conditions, according to the latest data from Hong Kong’s Census and Statistics Department dating back to 2011. Visitor arrivals plunged about 40% in August, according to Financial Secretary Paul Chan, the worst year-on-year change since the 2003 SARS crisis.
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