Manufacturing production in Hong Kong increased 0.4 percent over a year ago in the third quarter of 2019, the same pace as in the previous period which was the slowest since the third quarter of 2017. Output growth slowed for food, beverages & tobacco (0.7 percent vs 1.9 percent in Q2) and textiles & wearing apparel (0.4 percent vs 1.2 percent) while production fell for paper products, printing & reproduction of recorded media (-0.6 percent vs -1.4 percent) and metal, computer, electronic and optical products, machinery & equipment (-0.6 percent vs -2 percent). In contrast, output rose faster for miscellaneous manufacturing industries (1 percent vs 0.3 percent). On a seasonally adjusted quarterly basis, manufacturing output dropped 0.1 percent.

Industrial Production in Hong Kong averaged 0.47 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. source: Census and Statistics Department, Hong Kong

Industrial Production in Hong Kong is expected to be -0.50 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 2.00 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.


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Hong Kong Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 23.90 -14.20 1983 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 08:30 AM Q4 1.3% 1.2% 1.1%
2019-06-14 08:30 AM Q1 1.4% 1.2% 2.7%
2019-09-12 08:30 AM Q2 0.3% 1.4% 0.5%
2019-12-13 08:30 AM Q3 0.4% 0.4% -1%
2020-03-13 08:30 AM Q4 0.4% -0.5%


News Stream
2019-09-12
Hong Kong Factory Output Growth at Nearly 2-Year Low
Manufacturing production in Hong Kong increased 0.3 percent over a year earlier in the second quarter of 2019, easing from a 1.4 percent rise in the previous period. It was the smallest gain in factory output since the third quarter of 2017, as production slowed for food, beverages & tobacco (1.8 percent from 2.0 percent in Q1); and miscellaneous manufacturing industries (0.3 percent from 2.3 percent). Also, output declined for metal, computer, electronic & optical products, machinery & equipment (-2.1 percent from 0.4 percent). Meanwhile, production of paper products, printing & reproduction of recorded media declined less (-1.5 percent from -3.3 percent) and textiles & wearing apparel output rebounded (1.3 percent from -0.1 percent).

2019-06-14
Hong Kong Manufacturing Output Rises 1.4% YoY in Q1
Manufacturing production in Hong Kong rose by 1.4 percent year-on-year in the first quarter of 2019, following a downwardly revised 1.2 percent gain in the previous period. Miscellaneous manufacturing industries output went up further (2.3 percent vs 2.0 percent in Q4) while metal, computer, electronic & optical products, machinery & equipment production rebounded (0.4 percent vs -3.2 percent). Additionally, textiles & wearing apparel output dropped less (-0.1 percent vs -2.9 percent). On the other hand, production rose at a softer pace for sewerage, waste management & remediation activities (1.4 percent vs 5.0 percent) and for food, beverages and tobacco (2.0 percent vs 3.2 percent) while paper products, printing & reproduction of recorded media fell further (-3.3 percent vs -1.0 percent).

2019-03-14
Hong Kong Manufacturing Output Rises 1.3% YoY in Q4
Manufacturing production in Hong Kong rose by 1.3 percent year-on-year in the last quarter of 2018, following a 1.2 percent gain in the previous period. Output went up further for miscellaneous goods & services (2.1 percent from 1.3 percent in Q3) and sewerage, waste management & remediation activities (4.8 percent from 3.2 percent). Also, production dropped less for textiles & wearing apparel (-2.9 percent from -3.4 percent) and paper products, printing & reproduction of recorded media (-0.8 percent from -2.3 percent). On the other hand, output growth slowed for food, beverages & tobacco (3.3 percent from 3.7 percent) and fell at a faster pace for metal, computer, electronic & optical products, machinery & equipment (-3.3 percent from -2.0 percent). Considering full 2018, manufacturing production increased 1.3 percent compared to a 0.4 percent rise in 2017.


Hong Kong Manufacturing Production
In Hong Kong, industrial production measures the output of businesses integrated in manufacturing sector of the economy.

Hong Kong Business Last Previous Highest Lowest Unit
Business Confidence -22.00 -25.00 32.00 -53.00 points [+]
Manufacturing PMI 42.10 38.50 53.30 38.50 points [+]
Industrial Production 0.40 0.40 23.90 -14.20 percent [+]
Changes in Inventories -1309.00 -3576.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 14394.00 10498.00 20646.00 409.00 Companies [+]
Car Registrations 3100.00 2893.00 6154.00 332.00 [+]
Internet Speed 21908.83 21943.39 21943.39 6090.98 KBps [+]
IP Addresses 3132077.00 3045927.00 3132077.00 1589168.00 IP [+]
Competitiveness Index 83.14 82.25 83.14 5.22 Points [+]
Competitiveness Rank 3.00 7.00 12.00 3.00 [+]
Ease of Doing Business 3.00 4.00 5.00 2.00 [+]
Corruption Index 76.00 76.00 84.00 70.10 Points [+]
Corruption Rank 16.00 14.00 18.00 12.00 [+]