The IHS Markit Hong Kong PMI rose to 53.3 in August 2021 from 51.3 in July. This was the seventh straight month of growth in factory activity and the steepest pace since February 2014, amid stabilization of COVID-19 conditions. Output and new orders both gained for the fifth straight month and at rates which were each multi-year highs. Purchases also grew, contributing d to an increase in the stocks of inputs for the first time in three months. Concurrently, backlogged work picked up for the fifth straight month and at the fastest pace since May. Meantime, employment was steady after three straight months of falls while new work from China fell for the third month in a row. Suppliers’ delivery times continued to lengthen and at the sharpest rate in two months. Input prices, meanwhile, sustained their increases at elevated levels, underpinned by both input price and wage inflation. Output charges rose for the fourth month running and at the fastest rate since August 2011. source: Markit Economics

Manufacturing PMI in Hong Kong averaged 48.44 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 September of 2021.

Manufacturing PMI in Hong Kong is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
53.30 51.30 53.30 33.10 2011 - 2021 points Monthly
SA


News Stream
Hong Kong Private Sector PMI Highest in 7-1/2 Years
The IHS Markit Hong Kong PMI rose to 53.3 in August 2021 from 51.3 in July. This was the seventh straight month of growth in factory activity and the steepest pace since February 2014, amid stabilization of COVID-19 conditions. Output and new orders both gained for the fifth straight month and at rates which were each multi-year highs. Purchases also grew, contributing d to an increase in the stocks of inputs for the first time in three months. Concurrently, backlogged work picked up for the fifth straight month and at the fastest pace since May. Meantime, employment was steady after three straight months of falls while new work from China fell for the third month in a row. Suppliers’ delivery times continued to lengthen and at the sharpest rate in two months. Input prices, meanwhile, sustained their increases at elevated levels, underpinned by both input price and wage inflation. Output charges rose for the fourth month running and at the fastest rate since August 2011.
2021-09-03
Hong Kong Private Sector Grows for 6th Month
The IHS Markit Hong Kong PMI was at 51.3 in July 2021, little changed from 51.4 a month earlier. This was the sixth straight month of growth in the private sector, as the COVID-19 pandemic was under control, with both output and new orders growing for the fourth straight month. Meanwhile, foreign demand eased for a second month running and at a faster pace, with orders from China falling for the second month in a row but at a slower rate. Also, firms were more cautious with their buying activity, as the quantity and stock of purchases both continued to drop. Job shedding was prolonged due to redundancies and staff resignations, while backlogged work continued to build but at a slower pace. On the cost front, input price inflation was at a two-month high, with firms continuing to pass raw material costs to clients. Finally, sentiment improved to a two-month high.
2021-08-04
Hong Kong Private Sector Growth Eases
The IHS Markit Hong Kong PMI fell to 51.4 in June 2021 from an over seven-year high of 52.5 in May, pointing to the fifth straight month of growth. Both demand and output rose for the third month running, but rates of growth softened from May when the private sector had benefitted from the further easing of COVID-19 restrictions. Meantime, foreign demand fell, including new business from China, which was once again lower. Buying levels, meantime, dropped after rising in May. Staffing levels fell for the second month running while the accumulation of backlogged work continued for the third month in a row. Lengthening supplier lead times were recorded for a second straight month as the rate at which delivery times rose was the fastest since February. On the cost side, input prices rose for the ninth straight month and firms continued sharing these cost burdens with their clients. Finally, sentiment sustained at a slightly lower level.
2021-07-06
Hong Kong Private Sector PMI Highest Since 2014
The IHS Markit Hong Kong PMI rose to 52.5 in May 2021 from 50.3 in April. This was the fourth straight month of growth in the private sector and the steepest pace since February 2014, buoyed by further easing of COVID-19 restrictions at the end of April. Output grew the most since February 2018; new orders rose further; while new business from abroad went up for the first time since March 2019, including new business from the mainland which saw growth after falling in the prior 25 months. At the same time, buying activity saw a marked improvement, while higher workloads did not translate to a rise in employment, and backlogs of works accelerated the most since February 2014. Lead times worsened after an improvement in April, due to shortages of input materials and shipping delays. As for prices, input cost rose the most since June 2018, with output charges rising for the first time was since June 2019. Lastly, confidence was at its highest since February 2014’s record.
2021-06-03

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.