Trade is a drag (on growth) and that tends to hit manufacturing harder than the rest of the economy.

The really surprising thing is the lack of inflation given this kind of growth.

The strong domestic economy should cushion the impact of an anticipated slowdown in Hong Kong's trade growth this year.

Gains were widespread in the private sector, with especially large increases occurring in services, retail trade and manufacturing.

Activities are beginning to pick up. Manufacturing has been the weakest part of the economy. The rest of the economy may be even stronger.

We have two surprises in our economy: better-than-expected growth and lower-than-expected inflation, and the growth is based on productivity, ... People are working harder. They're generating more products efficiently at lower prices.