The business confidence indicator in Hong Kong went up to -8 in the fourth quarter of 2020 recovering slightly from -11 in the previous period and better than -37 reported in the second quarter due to the pandemic crisis. Despite the improvement, most respondents still expect their business situation to be worse than better, namely those in construction (-19), transportation, storage and courier services (-13), financing and insurance (-13), real estate sectors (-12), manufacturing (-9), import/export trade and wholesale (-7) and retail (-5). In contrast, businesses in accommodation and food services (+19) and professional and business services (+4) expect a better situation in Q4.

Business Confidence in Hong Kong averaged 4.85 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. Hong Kong Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Census and Statistics Department, Hong Kong

Business Confidence in Hong Kong is expected to be -22.00 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 2.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 6.00 points in 2021 and 8.00 points in 2022, according to our econometric models.

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Hong Kong Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -11.00 32.00 -53.00 2006 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-17 08:30 AM Q1 -22 -25 -20
2020-04-24 08:30 AM Q2 -37 -22 -36
2020-07-17 08:30 AM Q3 -11 -37 -32
2020-10-23 08:30 AM Q4 -8 -11 -28


News Stream
Hong Kong Business Confidence Remains Weak
The business confidence indicator in Hong Kong went up to -8 in the fourth quarter of 2020 recovering slightly from -11 in the previous period and better than -37 reported in the second quarter due to the pandemic crisis. Despite the improvement, most respondents still expect their business situation to be worse than better, namely those in construction (-19), transportation, storage and courier services (-13), financing and insurance (-13), real estate sectors (-12), manufacturing (-9), import/export trade and wholesale (-7) and retail (-5). In contrast, businesses in accommodation and food services (+19) and professional and business services (+4) expect a better situation in Q4.
2020-10-23
Hong Kong Business Confidence Remains Subdued
The business confidence indicator in Hong Kong went up to -11 in the third quarter of 2020 recovering slightly from -37 in the previous period which was the lowest since the first quarter of 2009, due to the coronavirus crisis. Despite the improvement, most respondents still expect their business situation to be worse than better, namely those in real estate (-26), transportation and storage (-22), construction (-21), professional and business services (-18), financing and insurance (-14), and import/export trade and wholesale (-8). In contrast, businesses in accommodation and food services (25), retail (21) and manufacturing (9) expect a better situation in Q3.
2020-07-17
Hong Kong Business Sentiment Falls to Over 11-Year Low
Business confidence in Hong Kong declined to -37 in the second quarter of 2020 from -22 in the previous period. It was the lowest reading since the first quarter of 2009, amid the coronavirus crisis. Sentiment deteriorated among accommodation and food services (-63 from -42 in Q1); transportation, storage and courier services; retailers (-42 from -39); financing & insurance (-47 from -16); professional & business services (-37 from -13); transportation, storage and courier services (-47 from -33); information & communication (-15 from -2); and real estate (-29 from -18). Meanwhile, sentiment improved slightly among manufacturers (-23 from -27); constructors (-20 from -28).
2020-04-24
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
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.