The seasonally adjusted Nikkei Hong Kong PMI declined to 46.9 in May of 2019 from 48.4 in the previous month, pointing to the 14th straight month of contraction in the private sector. It was the lowest print since June 2016, as new orders fell at a faster rate, led by a decline in sales to mainland China for the third consecutive month. Consequently, business activity shrank while employment remained broadly stagnant. On the price front, input costs rose nudged by wages, but the rate of increase was marginal. Also, output charges were raised only slightly. Looking ahead, business expectations for output next year remained pessimistic, as trade war concerns continued to weigh on sentiment. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 51.40 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 in 2020, according to our econometric models.

Hong Kong Private Sector PMI
Forecast Data Chart
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Hong Kong Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -12.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 46.90 48.40 53.30 44.40 [+]
Industrial Production 1.40 1.20 7.10 -12.50 percent [+]
Changes in Inventories -6879.00 -2562.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 12525.00 20646.00 20646.00 409.00 Companies [+]
Car Registrations 2967.00 3314.00 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 82.25 81.99 82.25 5.22 Points [+]
Competitiveness Rank 7.00 7.00 12.00 7.00 [+]
Ease of Doing Business 4.00 5.00 5.00 2.00 [+]
Corruption Index 76.00 77.00 84.00 70.10 Points [+]
Corruption Rank 14.00 13.00 18.00 12.00 [+]

Hong Kong Private Sector PMI

The Nikkei Hong Kong Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 300 companies. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
46.90 48.40 53.30 44.40 2011 - 2019 Monthly

Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.80 Jun/19
France 52.00 Jun/19
Germany 45.40 Jun/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.50 Jun/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.10 Jun/19