Business confidence in Hong Kong edged up to -22 in the first quarter of 2020 from -25 in the previous period, which was the lowest reading since the second quarter of 2009 amid ongoing protests and social unrest. Yet, heading into 2020, pessimism eased slightly among constructors (-28 from -45); retailers (-39 from -61); accommodation and food services (-42 from -44); transportation, storage and courier services; financing & insurance (-16 from -21); and professional & business services (-13 from -25). In contrast, sentiment worsened among manufacturers (-27 from -24); transportation, storage and courier services (-33 from -26); information & communication (-2 from 6); and real estate (-18 from -12).
Business Confidence in Hong Kong averaged 6.09 points from 2006 until 2020, reaching an all time high of 32 points in the third quarter of 2006 and a record low of -53 points in the first quarter of 2009. This page provides - Hong Kong Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020. source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong is expected to be -20.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Hong Kong to stand at -28.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around -14.00 points in 2021 and -6.00 points in 2022, according to our econometric models.