Manufacturing production in Hong Kong fell 0.5 percent year-on-year in the last three months of 2019, following an upwardly revised 0.5 percent rise in the previous period. It is the first drop in manufacturing activity in three years, as Hong Kong battled with months of antigovernment protests and social unrest. Declines were seen in production of food, beverages and tobacco (-2.1 percent vs 0.8 percent in the previous period) and metals, computers, electronics and machinery (-3.2 percent vs -0.8 percent). Considering full 2019, manufacturing output increased a meagre 0.4 percent.
Industrial Production in Hong Kong averaged 0.46 percent from 1983 until 2019, reaching an all time high of 23.90 percent in the first quarter of 1987 and a record low of -14.20 percent in the fourth quarter of 1998. This page provides - Hong Kong Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong is expected to be 2.00 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 3.40 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2021, according to our econometric models.