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.

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Hong Kong Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 50.50 53.30 33.10 2011 - 2021 points Monthly
SA


News Stream
Hong Kong Private Sector Grows for 3rd Month
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.
2021-05-05
Hong Kong Private Sector PMI Highest in 3 Years
The IHS Markit Hong Kong PMI ticked up to 50.5 in March 2021 from 50.2 in January, pointing to the highest reading since March 2018, amid reducing COVID-19 case numbers and an easing of some restrictions. Employment rose the most in almost a decade; new order trends improved; and buying levels rose after falling in the previous eight months, with the rate of growth hit a three-year high. Meantime, output was broadly unchanged, while new business from China fell at a slower rate. At the same time, the rate of lengthening in suppliers' delivery time eased. On the cost front, purchase costs rose solidly but less than that seen in February while staff costs increased for the first time in four months. Output prices continued to fall, though the rate of drop was the weakest in 21 months. Looking ahead, concerns around the impact of the pandemic led to a pessimistic outlook for the coming year, reversing the optimism seen in February.
2021-04-08
Hong Kong Private Sector PMI Rises to 3-Month High
The IHS Markit Hong Kong PMI rose to 50.0 in February 2021 from 47.8 in January, pointing to the highest reading in three months as the recent wave of COVID-19 cases eased. Output fell for the 35th straight months, but the rate of decline was the softest since last November. Also, new orders shrank the least in three months, while foreign demand continued to struggle, with marked reductions in new export orders and new business from mainland China. Buying activity dropped again, but the rate of decline was the weakest in three months. At the same time, there was again little change in staffing levels, meaning that companies were able to reduce backlogs of work. On the cost front, input prices rose the most since July 2018, amid higher raw material prices. Selling prices, meanwhile, fell for the 20th straight months. Finally, companies expressed optimism for the first time since January 2018, with the level of positive sentiment being the highest since September 2014.
2021-03-03
Hong Kong Private Sector Shrinks at Softer Pace
The IHS Markit Hong Kong PMI rose to 47.8 in January 2021 from an eight-month low of 43.5 in December, signaling a moderation in the rate of deterioration after the heavy hit from the reintroduction of COVID-19 restrictions. Both output and new orders fell at softer paces, though in both cases the downturns were the second-steepest since August. At the same time, exports fell sharply, with sales from the mainland dropping further. Also, buying levels sank to a degree not seen since August, amid symptom of growing supply problems. Employment shrank fractionally, but in most cases, headcounts were kept steady. Meantime, suppliers’ delivery times lengthened the most since the survey began in 1998. As for prices, input cost inflation hit its highest in 2-1/2 years, on rising raw material costs and increased shipping fees. Output prices fell faster, however, amid tough competition and weak sales that led many firms to offer discounts. Finally, sentiment remained negative.
2021-02-03

Hong Kong Private Sector PMI
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.