Hong Kong Private Sector PMI

The seasonally adjusted Nikkei Hong Kong PMI dropped to 48.0 in March 2019 from 48.4 in the previous month. The latest reading pointed to the twelfth straight month of contraction in the private sector, as output, new orders and employment shrank. Also, buying levels continued to be scaled down which contributed to another decline in input stocks. Meanwhile, export orders advanced, but Chinese demand remained weak, as reflected by another month of lower sales to the country. On the price front, input prices rose for a sixth consecutive month, driven by higher purchasing costs and wages and output cost went up marginally. Finally, sentiment remained negative, amid pessimism regarding competition, US-China trade tensions, higher input costs and a worsening economic environment. 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.

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Hong Kong Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	-12.00	2.00	32.00	-53.00	Index Points	[+]
Manufacturing PMI	48.00	48.40	53.30	44.40		[+]
Industrial Production	1.30	1.20	7.10	-12.50	percent	[+]
Changes in Inventories	-3008.00	11698.00	36307.00	-17104.00	HKD Million	[+]
Bankruptcies	13241.00	13332.00	16200.00	409.00	Companies	[+]
Car Registrations	2487.00	3220.00	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 April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	48.00	48.40	53.30	44.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	51.00	Mar/19	54	62.5 : 29.47
Brazil	52.80	Mar/19	53.4	53.5 : 41.6
Canada	50.50	Mar/19	52.6	57.1 : 47.5
China	50.80	Mar/19	49.9	52.3 : 47.2
Euro Area	47.80	Apr/19	47.5	60.6 : 33.5
France	49.60	Apr/19	49.7	58.8 : 42.7
Germany	44.50	Apr/19	44.1	63.3 : 32
India	52.60	Mar/19	54.3	55 : 47.9
Indonesia	51.20	Mar/19	50.1	58.5 : 46.4
Italy	47.40	Mar/19	47.7	59 : 47.4
Japan	49.50	Apr/19	49.2	56.2 : 29.6
Mexico	49.80	Mar/19	52.6	57.1 : 49.2
Netherlands	52.50	Mar/19	52.7	63.4 : 48
Russia	52.80	Mar/19	50.1	54.7 : 47.6
Saudi Arabia	56.80	Mar/19	56.6	61.8 : 51.4
Singapore	50.80	Mar/19	50.4	53.1 : 48.3
South Africa	45.00	Mar/19	46.2	60.87 : 35.09
South Korea	48.80	Mar/19	47.2	52.6 : 45.7
Spain	50.90	Mar/19	49.9	56.1 : 41.1
Switzerland	50.30	Mar/19	55.4	66.9 : 32.8
Turkey	47.20	Mar/19	46.4	55.7 : 42.7
United Kingdom	55.10	Mar/19	52.1	61.5 : 34.4
United States	52.40	Apr/19	52.4	57.9 : 50.7