Hong Kong’s Exports Unexpectedly Grow as China Demand Improves

(Bloomberg) — Hong Kong’s exports rose last month for the first time in more than a year as trade with the Chinese mainland improved, providing some optimism for the financial hub’s economic outlook.

Overseas shipments grew 1.4% in October from a year earlier to HK$379.9 billion ($48.8 billion), the Census and Statistics Department said Monday. That was better than the median estimate of a 2.9% drop in a Bloomberg survey of economists, and marked the first month of growth for exports since April 2022.