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.