India, Nov. 3 -- Hong Kong's economy expanded at a faster pace in the three months ending in September, underpinned by accelerating growth in exports and solid domestic demand, the advance estimates from the Census and Statistics Department showed Tuesday.
Gross domestic product advanced 5.2 percent year-over-year in the third quarter, following a 4.2 percent growth in the second quarter.
The expenditure breakdown showed that gross fixed capital formation grew notably by 7.3 percent. Private consumption expenditure rose 2.8 percent, and government consumption was 1.7 percent higher. Both exports and imports surged by 30.4 percent and 29.9 percent, respectively.
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