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.