Saurabh Gupta | 14 Jun, 2017
The Hong Kong Trade Development Council (HKTDC) will announce the Hong Kong Export Index for the second quarter of 2017 at a press conference on Tuesday, 20 June 2017, informed council on Wednesday.
The Index measures the confidence of local exporters in their respective industries and gauges their near-term prospects.
The latest readings show exporters are cautiously optimistic over the short term. HKTDC Director of Research Nicholas Kwan and his team will share their views on the latest export outlook for major industries and markets, which are showing signs of improvement.
Meanwhile, soaring costs in China see manufacturers seeking alternative production bases for relocation, and the Philippines has become one of the relocation hotspots in Southeast Asia.
HKTDC Research undertook a field trip to the Philippines recently to examine the country’s latest developments, market potential and suitability as an alternative production base. Findings will also be shared at the press conference, council said in a press statement.