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July goods exports up 20.1%

The volume of Hong Kong's total goods exports increased 20.1% year-on-year in July, the Census & Statistics Department announced today.   The volume of goods imports for the month rose 19.5% over July 2020.   Prices of goods exports and imports increased 5.6% and 5.5% year-on-year for the month.   On a seasonally adjusted basis, the volume of goods exports fell 5.3% in the three-month period ending July compared with the preceding three months, while the volume of goods imports decreased 0.8%.   Comparing the first seven months of the year with the same period in 2020, the volume of goods exports rose 25.3%, while that of goods imports increased 22.7%.   Prices of goods exports for the period increased 3.4%, while that of goods imports rose 3.3%. http://dlvr.it/S7hMTp

Welfare rates to be adjusted

The standard payment rates under the Comprehensive Social Security Assistance (CSSA) Scheme will be increased by 2.7% from February 1, the Government announced today.   The adjustment will also apply to the rates of the Old Age Allowance, including those payable under the Guangdong and Fujian schemes, Old Age Living Allowance and Disability Allowance.   The adjustment will incur an additional expenditure of $1.448 billion per year, benefiting 1.38 million recipients.   On the same day, the maximum rent allowance under the CSSA Scheme will also be adjusted upwards by 1.6%.   Additionally, the CSSA Scheme will be further enhanced from February 1, including enhancements to the Disregarded Earnings arrangement and extending the special grants to eligible non-elderly able-bodied recipients.   Call 2343 2255 for enquiries.
http://dlvr.it/RrVKg6

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