Business receipts in nine out of 15 service industries went up in value.
Business receipts of real estate and insurance industries rose the most in value by 23.6% and 19.8% YoY respectively in Q2 2019, according to a report by the Census and Statistics Department.
Growth in business receipts was observed in nine out of 15 major service industries.
On the other hand, the import/export trade industry posted the biggest decline at 6%, followed by the wholesale industry at 5.2%.
By service domain, business receipts under the computer and information technology services slid 7% YoY whilst those from tourism, convention and exhibition services grew 1.1%.
However, nine of the 15 industries recorded a seasonally-adjusted QoQ dip. In particular, the accommodation services and food service industry saw a drop by 5.3% and 4.6% respectively.
Meanwhile, receipts from the real estate industry rose 4.6%.
By domain, both tourism, convention and exhibition services, and computer and information technology services went down 3.3% and 4.6% respectively.