Nomura Reports: Hong Kong's Economic Growth in Q3 Surpasses Expectations; Full-Year Projection Increased to 3.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
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Source: aastocks
GDP Growth Performance: Hong Kong's real GDP growth reached 3.8% YoY in 3Q25, up from 3.1% YoY in 2Q25, surpassing market expectations of 3% and Nomura's forecast of 3.2%.
Quarterly Growth Acceleration: The GDP growth also improved from 0.4% QoQ in 2Q25 to 0.7% in 3Q25, driven primarily by personal consumption expenditure.
Consumer Spending Influence: Increased consumer spending was stimulated by a buoyant stock market, contributing to the overall economic growth.
Revised Growth Forecast: Nomura raised its GDP growth forecast for Hong Kong in 2025 from 3% to 3.3% based on the latest performance data.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
