Manufacturing production in Hong Kong increased 0.4 percent over a year ago in the third quarter of 2019, the same pace as in the previous period which was the slowest since the third quarter of 2017. Output growth slowed for food, beverages & tobacco (0.7 percent vs 1.9 percent in Q2) and textiles & wearing apparel (0.4 percent vs 1.2 percent) while production fell for paper products, printing & reproduction of recorded media (-0.6 percent vs -1.4 percent) and metal, computer, electronic and optical products, machinery & equipment (-0.6 percent vs -2 percent). In contrast, output rose faster for miscellaneous manufacturing industries (1 percent vs 0.3 percent). On a seasonally adjusted quarterly basis, manufacturing output dropped 0.1 percent.
Industrial Production in Hong Kong averaged 0.47 percent from 1983 until 2019, 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. source: Census and Statistics Department, Hong Kong
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 3.40 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2021, according to our econometric models.