Manufacturing production in Hong Kong sank 6% year-on-year in the last three months of 2020, marking the 5th consecutive quarter of falling output. Production went down mainly for food, beverages and tobacco (-11.3%); paper products, printing and reproduction of recorded media industry (-3.4%); and textiles and wearing apparel (-0.5%). On the other hand, an increase in output volume was recorded in the metal, computer, electronic and optical products, machinery and equipment industry (0.7%). Considering full 2020, manufacturing output dropped 5.8% after adding 0.4% in 2019. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.30 percent from 1983 until 2020, reaching an all time high of 23.90 percent in the first quarter of 1987 and a record low of -14.20 percent in the fourth quarter of 1998. This page provides - Hong Kong Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Industrial Production in Hong Kong is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hong Kong to stand at 4.00 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2022, according to our econometric models.