大行评级丨大摩:预计香港失业率年底升至逾4% 零售业受压影响领展和九龙仓置业

中金财经
Oct 21, 2025

  摩根士丹利发表报告指,香港7至9月失业率较上一个三个月期间上升0.2个百分点至3.9%,创三年新高,建筑业(7.2%)和零售业(5.3%)等行业失业率较高。餐饮业失业率较上一个三个月期间持平,为6.4%;金融业略有改善,较上一个三个月期间上升0.3个百分点至2.9%。就业不足率保持稳定,为1.6%。   该行认为,由于宏观不确定性和餐饮及零售业的结构性挑战,总体失业率到2025年底可能进一步上升,超过4%。尽管近期零售销售呈现积极趋势,但失业率上升可能影响消费情绪。9月零售销售按年增速可能放缓至2%。随着零售销售受压及写字楼空置率居高不下,领展和九龙仓置业可能受到负面影响。      【免责声明】本文仅代表作者本人观点,与和讯网无关。和讯网站对文中陈述、观点判断保持中立,不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考,并请自行承担全部责任。邮箱:news_center@staff.hexun.com   

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