The IHS Markit Hong Kong PMI rose to 49.8 in October 2020 from 47.7 a month earlier. This was the highest reading since March 2018, as some of the COVID-19 pandemic restrictions were relaxed. Output fell the least in over 2-1/2 years and new orders shrank at the softest pace in four-month, with demand from mainland China falling the least in the current 30-month sequence of decline. Meantime, employment fell back into decline, amid reports of redundancies. Firms continued to scale back buying activity in response to weak demand. Consequently, stocks of purchases fell further, though at the weakest rate since June. Pressure on supplier capacity persisted, as indicated by a further sharp increase in delivery times. On the price front, overall input prices rose for the first time since June while output charges fell further. Finally, sentiment remained negative, though the degree of pessimism was the weakest since June 2019. source: Markit Economics
Manufacturing PMI in Hong Kong averaged 48.28 points from 2011 until 2020, reaching an all time high of 53.30 points in February of 2014 and a record low of 33.10 points in February of 2020. This page provides the latest reported value for - Hong Kong Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Manufacturing PMI in Hong Kong is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Hong Kong to stand at 52.00 in 12 months time. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 51.80 points in 2021, according to our econometric models.