The business confidence indicator in Hong Kong went up to -11 in the third quarter of 2020 recovering slightly from -37 in the previous period which was the lowest since the first quarter of 2009, due to the coronavirus crisis. Despite the improvement, most respondents still expect their business situation to be worse than better, namely those in real estate (-26), transportation and storage (-22), construction (-21), professional and business services (-18), financing and insurance (-14), and import/export trade and wholesale (-8). In contrast, businesses in accommodation and food services (25), retail (21) and manufacturing (9) expect a better situation in Q3.
Business Confidence in Hong Kong averaged 5.07 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 August of 2020. source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong is expected to be -280.00 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 2.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 6.00 points in 2021 and 8.00 points in 2022, according to our econometric models.