Hong Kong Census and Statistics Department: The current trend index for the revenue of small and medium-sized enterprises in July stands at 43.8, indicating a cautious business atmosphere.

On August 11, the Hong Kong Census and Statistics Department released the results of the business condition survey for small and medium-sized enterprises (SMEs) in July 2026. The current trend index of business revenue for SMEs dropped from 44.0 in June 2026, which is in the contraction zone, to 43.8 in July 2026, while the business revenue outlook index for the next month (August 2026) is 46.8. Industry analysis shows that the current trend index of business revenue for many industries covered by the survey fell in July 2026 compared to the previous month, particularly in the import and export trade sector (down from 45.4 to 44.5) and the retail sector (down from 41.7 to 40.8). The current trend index for new orders in the import and export trade sector decreased from 46.4 in June 2026 to 45.0 in July 2026, while the new orders outlook index for the next month (August 2026) is 47.1. A spokesman for the Hong Kong government stated that the business atmosphere for SMEs in July remained cautious, with the current and outlook trend indices for business revenue showing a slight decline from the previous month. The overall employment situation has also slightly weakened. The ongoing uncertainties in the Middle East have led businesses to adopt a more cautious assessment of short-term prospects. Looking ahead, the Hong Kong economy is expected to continue its steady growth, which should provide some support for business confidence and commercial activities. However, developments in the Middle East remain a significant downside risk; any further escalation could impact external demand, market confidence, operational costs, and investment decisions.