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Hong Kong Sept bankruptcy petitions down 17.5 pct from August

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Sun Oct 21, 2012 10:02pm EDT

HONG KONG, Oct 22 (Reuters) - Following are monthly
bankruptcy statistics provided by the government.
    
                              Pct Change              Pct Change
No. of              September  M/M     Y/Y    Jan-Sep      Y/Y 
Bankruptcy petitions   648   -17.45   +2.53   6,406       +4.29
           
Bankruptcy orders      704    +7.65  +14.29   6,172       +1.28
    
    In August, the government revised down its 2012 full-year
GDP growth forecast to 1-2 percent from 1-3 percent, as the euro
zone crisis and sluggish global growth sapped demand for
exports.. 
    

 (Reporting by Christina Lo; Editing by Jacqueline Wong)
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