Only 2 in 10 Hong Kong bosses expect business conditions to improve

Will the domestic outlook remain weak?

According to Michael Page's Hong Kong Employment Index Report,  54% of Hong Kong employers expect domestic business conditions will remain stable in the first half of 2013, and a further 12% expecting them to improve.

These results represent a decrease in business confidence levels when compared to survey findings from Q2 2012, when 21% of respondents expected business conditions would improve over coming months. 

In terms of business confidence levels in Hong Kong, most respondents (55%) consider the current business environment to be satisfactory, while a further 32% view it to be weak. 

With regards to key business concerns, the vast majority of employers surveyed (52%) regard the achievement of business goals within allocated budget as the key challenge facing their business over the first half of 2013. This reflects the desire of employers to continue driving their business forward in the steady business environment despite budgetary constraints.

Some employers are also concerned around wages growth and CPI increases (16%), the global economic outlook (16%), staying ahead of competitors (12%), and people management and engagement (4%).