香港生产力促进局：2025年第三季“渣打香港中小企领先营商指数”调查报告（英文版）

Driven mainly by the “Business Condition” (36.6, -5.0) and “Profit Margin” (34.1, -5.0) sub-indices, the Overall Index fell slightly, reflecting a weakened confidence among local SMEs on their business turnover this quarter;  “Global Economy” sub-index has declined for three consecutive quarters and accumulated a drop of 15.6 since the fourth quarter (Q4) of 2024. The global economic slowdown has been driven by multiple factors, since Q4 2024, shifts in U.S. monetary policy and stimulus meas