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.