Manufacturing production in Hong Kong dropped 5.1 percent year-on-year in the second quarter of 2020, following a 4.6 percent fall. It was the biggest decline since the third quarter of 2009, amid the coronavirus crisis. Output decreased further in food, beverages and tobacco (-11.5 percent vs -10.1 percent in Q1); paper products, printing and reproduction of recorded media (-4.7 percent vs -4.2 percent); and miscellaneous manufacturing industries (-2.5 percent vs -1.8 percent). Also, production of textiles and wearing apparel fell (-4.5 percent vs 0.9 percent). On the other hand, metals, computers, electronics and machinery output rebounded (4.1 percent vs -2.5 percent).
Industrial Production in Hong Kong averaged 0.39 percent from 1983 until 2020, 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 October 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.