Business confidence in Hong Kong increased sharply to -1 in the second quarter of 2019 from -12 in the previous period. Expectations rose for information & communication (13 from -3 in Q1); financing & insurance (9 from -8); real estate (6 from -5); transportation, storage and courier services (-1 from -13); manufacturing (-1 from -3); construction (-22 from -23); import/export trade and wholesale (-8 from -23) and professional & business services (-4 from -7). In contrast, prospects deteriorated for accommodation and food services (-9 from -5) and retail (-8 from -6). Business Confidence in Hong Kong averaged 7.44 Index Points from 2006 until 2019, reaching an all time high of 32 Index Points in the third quarter of 2006 and a record low of -53 Index Points in the first quarter of 2009.
Business Confidence in Hong Kong is expected to be -8.00 Index 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 6.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 4.00 Index Points in 2020, according to our econometric models.