Business confidence in Hong Kong edged up to -22 in the first quarter of 2020 from -25 in the previous period, which was the lowest reading since the second quarter of 2009 amid ongoing protests and social unrest. Yet, heading into 2020, pessimism eased slightly among constructors (-28 from -45); retailers (-39 from -61); accommodation and food services (-42 from -44); transportation, storage and courier services; financing & insurance (-16 from -21); and professional & business services (-13 from -25). In contrast, sentiment worsened among manufacturers (-27 from -24); transportation, storage and courier services (-33 from -26); information & communication (-2 from 6); and real estate (-18 from -12).

Business Confidence in Hong Kong averaged 6.09 points from 2006 until 2020, reaching an all time high of 32 points in the third quarter of 2006 and a record low of -53 points in the first quarter of 2009. This page provides - Hong Kong Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Census and Statistics Department, Hong Kong

Business Confidence in Hong Kong is expected to be -20.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Hong Kong to stand at 7.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 4.00 points in 2021, according to our econometric models.


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Hong Kong Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-22.00 -25.00 32.00 -53.00 2006 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-26 08:40 AM Q2 -1 -12 -8
2019-07-19 08:40 AM Q3 -8 -1 -3
2019-10-18 08:30 AM Q4 -25 -8 -10
2020-01-17 08:30 AM Q1 -22 -25 -20
2020-04-24 08:30 AM Q2 -22 7
2020-07-17 08:30 AM Q3 5
2020-10-23 08:30 AM Q4 7


News Stream
Hong Kong Business Confidence Rises Marginally
Business confidence in Hong Kong edged up to -22 in the first quarter of 2020 from -25 in the previous period, which was the lowest reading since the second quarter of 2009 amid ongoing protests and social unrest. Yet, heading into 2020, pessimism eased slightly among constructors (-28 from -45); retailers (-39 from -61); accommodation and food services (-42 from -44); transportation, storage and courier services; financing & insurance (-16 from -21); and professional & business services (-13 from -25). In contrast, sentiment worsened among manufacturers (-27 from -24); transportation, storage and courier services (-33 from -26); information & communication (-2 from 6); and real estate (-18 from -12).
2020-01-17
Hong Kong Business Confidence Lowest since 2009
Business confidence in Hong Kong fell to -25 in the fourth quarter of 2019 from -8 in the previous period. It was the lowest business confidence since the second quarter of 2009, as expectations for the business situation deteriorated in manufacturing (-24 from -8 in Q3); construction (-45 from -7); import/export trade and wholesale (-23 from -8); retail (-61 from -24); accommodation and food services (-44 from -17); transportation, storage and courier services (-26 from -9); financing & insurance (-21 from -6); real estate (-12 from -10) and professional & business services (-25 from -3). Meanwhile, expectations improved in information & communication (6 from 10).
2019-10-18
Hong Kong Business Sentiment Deteriorates in Q3
Business confidence in Hong Kong fell to -8 in the third quarter of 2019 from -1 in the previous period. By sector, expectations for the business situation deteriorated in financing & insurance (-6 from 9 in Q2); real estate (-10 from 6); transportation, storage and courier services (-9 from -1); manufacturing (-8 from -1); accommodation and food services (-17 from -9) and retail (-24 from -8). Meantime, expectations improved in information & communication (10 from 13); construction (-7 from -22); and professional & business services (-3 from -4) while remained steady in import/export trade and wholesale (-8, the same as in Q2).
2019-07-19
Hong Kong Business Confidence Improves in Q2
Business confidence in Hong Kong increased sharply to -1 in the second quarter of 2019 from -12 in the previous period. Expectations rose for information & communication (13 from -3 in Q1); financing & insurance (9 from -8); real estate (6 from -5); transportation, storage and courier services (-1 from -13); manufacturing (-1 from -3); construction (-22 from -23); import/export trade and wholesale (-8 from -23) and professional & business services (-4 from -7). In contrast, prospects deteriorated for accommodation and food services (-9 from -5) and retail (-8 from -6).
2019-04-26

Hong Kong Business Confidence
In Hong Kong, the Quarterly Business Tendency Survey measures the expectations of entrepreneurs regarding changes in business situation in the current quarter compared to the previous quarter. The survey covers a sample of 560 senior managers from the main sectors of the economy: manufacturing; construction; wholesale and retail trade; accommodation and food services; transportation, storage and courier services; information and communications; financing and insurance; real estate; and professional and business services sectors. The survey result is presented as a net balance: the difference between the percentage of respondents choosing “a better outlook” and that choosing "a worse outlook". A positive sign indicates a likely upward trend while a negative sign, a likely downward trend.