The seasonally adjusted Nikkei Hong Kong PMI dropped to 43.8 in July, the lowest since March 2009, from 47.9 in the previous month, amid ongoing US-China trade dispute and escalating large-scale political demonstrations. This was the 16th straight month of contraction in private sector, with output falling the most since the first quarter 2009, and new orders declining at the fastest pace in over a decade. Also, new export orders from mainland China decreased at the steepest rate in nearly four years, while firms cut back their purchasing activity and tapped into current stock-holdings to meet output requirements. On the price front, overall cost burdens decreased, led by a solid decline in purchase costs for inputs. Consequently, firms lowered their selling prices for the first time in three months, reflecting efforts to clear stocks and attract new clients. Finally, sentiment weakened to its lowest in 3-1/2 years. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 45.20 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 51.00 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 -8.00 -1.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 43.80 47.90 53.30 43.80 [+]
Industrial Production 1.40 1.20 7.10 -12.50 percent [+]
Changes in Inventories -3713.00 -7280.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 6159.00 14030.00 20646.00 409.00 Companies [+]
Car Registrations 3392.00 3568.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
43.80 47.90 53.30 43.80 2011 - 2019 Monthly

Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 47.00 Aug/19
France 51.00 Aug/19
Germany 43.60 Aug/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.50 Aug/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 49.90 Aug/19