Manufacturing production in Hong Kong advanced 2.6 percent year-on-year in the first quarter of 2021, rebounding from an upwardly revised 6.1 percent fall in the previous period. The latest reading pointed to the first expansion in manufacturing output since the three months ending September of 2019 and it was the fastest annual growth since the first quarter of 2011. Production went up mainly for food, beverages & tobacco (5.4 percent vs -11.5 percent in 4Q 2020) and miscellaneous manufacturing industries (2.8 percent vs -4.5 percent). On the other hand, output continued to fall in textiles and wearing apparel (-2.8 percent vs -0.6 percent); paper products, printing and reproduction of recorded media industry (-2.7 percent vs -3.4 percent); and the metal, computer, electronic and optical products, machinery and equipment industry (-1.3 percent vs 0.6 percent). source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.31 percent from 1983 until 2021, reaching an all time high of 23.90 percent in the first quarter of 1987 and a record low of -14.20 percent in the fourth quarter of 1998. This page provides - Hong Kong Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Industrial Production in Hong Kong is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hong Kong to stand at 3.10 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2022, according to our econometric models.