The IHS Markit Hong Kong PMI was at 50.3 in April 2021, down slightly from 50.5 in January. Still, this was the third straight month of growth in private sector activity, amid a reduced level of COVID-19 case numbers and further loosening of restrictions, as three-year-long sequences of decline in output and new orders came to an end. Also, employment rose for the third month running. Meantime, export orders from mainland China continued to fall, while firms scaled back buying levels amid some reports that inventory holdings were sufficient for current workloads. Delivery times shortened to the greatest extent since December 2012. On the cost front, rising raw material prices meant that purchase costs increased at a much sharper pace, but companies continued to lower their own selling prices. Looking ahead, business confidence improved to the highest in more than seven years, on hopes that the recent signs of the pandemic being brought under control will continue. source: Markit Economics
Manufacturing PMI in Hong Kong averaged 48.30 points from 2011 until 2021, reaching an all time high of 53.30 points in February of 2014 and a record low of 33.10 points in February of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Manufacturing PMI in Hong Kong is expected to be 52.00 points 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 52.00 points in 2022, according to our econometric models.