Hong Kong Private Sector PMI

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.

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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		[+]

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	SA

Country	Last		Previous	Range
Australia	51.30	Jul/19	49.4	62.5 : 29.47
Brazil	49.90	Jul/19	51	53.5 : 41.6
Canada	50.20	Jul/19	49.2	57.1 : 47.5
China	49.90	Jul/19	49.4	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.00	Aug/19	49.7	58.8 : 42.7
Germany	43.60	Aug/19	43.2	63.3 : 32
India	52.50	Jul/19	52.1	55 : 47.9
Indonesia	49.60	Jul/19	50.6	58.5 : 46.4
Italy	48.50	Jul/19	48.4	59 : 47.4
Japan	49.50	Aug/19	49.4	56.2 : 29.6
Mexico	49.80	Jul/19	49.2	57.1 : 49.2
Netherlands	50.70	Jul/19	50.7	63.4 : 48
Russia	49.30	Jul/19	48.6	54.7 : 47.6
Saudi Arabia	56.60	Jul/19	57.4	61.8 : 51.4
Singapore	49.80	Jul/19	49.6	53.1 : 48.3
South Africa	52.10	Jul/19	46.2	60.87 : 35.09
South Korea	47.30	Jul/19	47.5	52.6 : 45.7
Spain	48.20	Jul/19	47.9	56.1 : 41.1
Switzerland	44.70	Jul/19	47.7	66.9 : 32.8
Turkey	46.70	Jul/19	47.9	55.7 : 42.7
United Kingdom	48.00	Jul/19	48	61.5 : 34.4
United States	49.90	Aug/19	50.4	57.9 : 49.9