Hong Kong June wages rise 3.4% y/y, real growth 1.6%; govt sees further gains

Hong Kong nominal wages rose 3.4% y/y in June, with real wages up 1.6% after inflation, per Census and Statistics Department data. The government forecasts continued pay growth on sustained economic expansion and labour demand. This signals resilient domestic demand and potential upward pressure on services inflation, though the data is backward-looking.