Manufacturing production in Hong Kong increased by 1.2 percent year-on-year in the third quarter of 2018, easing from a 1.6 percent rise in the previous month. Production fell sharply for textiles and wearing apparel (-3.3 percent from 2.5 percent in Q2) and paper products, printing and reproduction of recorded media (-2.1 percent from 0.6 percent). On the other hand, output rose faster for food, beverages and tobacco (3.5 percent from 2.9 percent) and sewerage, waste management and remediation activities (3.4 percent from 3.1 percent) while went up the same pace for miscellaneous manufacturing industries (1.5 percent, the same as in Q2). Industrial Production in Hong Kong averaged -1.82 percent from 1999 until 2018, reaching an all time high of 7.10 percent in the first quarter of 2006 and a record low of -12.50 percent in the second quarter of 2003.
Industrial Production in Hong Kong is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hong Kong to stand at 2.10 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2020, according to our econometric models.