1 August 2025 | 9:40AM HKT Hong Kong: Real GDP growth stronger than expected in Q2 Bottom line: The preliminary reading of 2025 Q2 Hong Kong GDP growth came in at +3.1% yoy, above consensus expectations. In quarter-over-quarter seasonally-adjusted non-annualized terms, real GDP rose by 0.4% in Q2 2025 (vs. +1.8% in Q1 2025). Despite a sharp swing in the goods trade balance into deficit, inventory restocking and stronger consumption growth more than offset the drag. We see the boost from inventory restocking ...