The business confidence indicator in Hong Kong came in at 6 in the first quarter of 2023, accelerating from 4 in the previous period. The proportion of respondents expecting a better business situation was 19 percent (vs 16 percent in Q4 of 2022), while those expecting a worse business situation was 13 percent (vs 12 percent). Sentiment improved for manufacturing (+23 vs -13), accommodation & food services (+39 vs +37), financing & insurance (+25 vs +4), and real estate (+4 vs -2). Meanwhile, sentiment remained weakened for construction (-7 vs -5), transportation, storage & courier services (-5 vs +8), import/export trade and wholesale (-8 vs +9), information & communication (-1 vs -4), and professional and business services (-3 vs +2). source: Census and Statistics Department, Hong Kong

Business Confidence in Hong Kong averaged 4.19 points from 2006 until 2023, reaching an all time high of 32.00 points in the third quarter of 2006 and a record low of -53.00 points in the first quarter of 2009. This page provides - Hong Kong Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Business Confidence in Hong Kong is expected to be 8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Hong Kong Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-10-21 08:30 AM Q4 4 6 5
2023-01-20 08:30 AM Q1 6 4 8
2023-04-21 08:30 AM Q2 6


Related Last Previous Unit Reference
Business Confidence 6.00 4.00 points Mar 2023
Industrial Production -0.60 2.70 percent Sep 2022
Changes in Inventories -5616.00 18321.00 HKD Million Sep 2022
Bankruptcies 4053.00 7211.00 Companies Nov 2022
Car Registrations 4222.00 4403.00 Units Nov 2022

Hong Kong Business Confidence
In Hong Kong, the Quarterly Business Tendency Survey measures the expectations of entrepreneurs regarding changes in business situation in the current quarter compared to the previous quarter. The survey covers a sample of 560 senior managers from the main sectors of the economy: manufacturing; construction; wholesale and retail trade; accommodation and food services; transportation, storage and courier services; information and communications; financing and insurance; real estate; and professional and business services sectors. The survey result is presented as a net balance: the difference between the percentage of respondents choosing “a better outlook” and that choosing "a worse outlook". A positive sign indicates a likely upward trend while a negative sign, a likely downward trend.
Actual Previous Highest Lowest Dates Unit Frequency
6.00 4.00 32.00 -53.00 2006 - 2023 points Quarterly

News Stream
Hong Kong Business Sentiment Strengthens in Q1
The business confidence indicator in Hong Kong came in at 6 in the first quarter of 2023, accelerating from 4 in the previous period. The proportion of respondents expecting a better business situation was 19 percent (vs 16 percent in Q4 of 2022), while those expecting a worse business situation was 13 percent (vs 12 percent). Sentiment improved for manufacturing (+23 vs -13), accommodation & food services (+39 vs +37), financing & insurance (+25 vs +4), and real estate (+4 vs -2). Meanwhile, sentiment remained weakened for construction (-7 vs -5), transportation, storage & courier services (-5 vs +8), import/export trade and wholesale (-8 vs +9), information & communication (-1 vs -4), and professional and business services (-3 vs +2).
2023-01-20
Hong Kong Business Morale Weakens in Q4
The business confidence indicator in Hong Kong edged down to 4 in the fourth quarter of 2022 from a one-year high of 6 in the previous period. The proportion of respondents expecting a better business situation was 16%, slightly lower than the corresponding proportion of 18% in Q3 2022, while the proportion of respondents expecting a worse business situation in Q4 2022 is broadly the same as the corresponding proportion in Q3 2022 (12%). Sentiment deteriorated notably in manufacturing (-13 vs +24 in Q3), real estate (-2 vs +10) and information & communication (-4 vs -3). Constructors also remained pessimistic (at -5). At the same time, confidence waned in retail (+16 vs +25), accommodation and food services (+37 vs +49) and financing and insurance (+4 vs +10).
2022-10-21
Hong Kong Business Sentiment Strengthens in Q3
The business confidence indicator in Hong Kong rose to 6 in the third quarter of 2022 compared to -8 in the previous period. The proportion of respondents expecting a better business situation was 18% (vs 13% in Q2) while those anticipating a worse business situation decreased to 12% (vs 21%). Optimism was higher in accommodation and food services (+49 vs +23); retail sector (+25 vs +11), manufacturing (+24 vs -19); financing and insurance (+10 vs -4) and real estate (+10 vs -2). However, sentiment remained weakened for construction (-5 vs -32), professional and business services (-3 vs -19); transportation, storage and courier services (-2 vs -12); and information and communications (-3 vs +1),
2022-07-15