Manufacturing production in Hong Kong declined 4.6 percent year-on-year in the first quarter of 2020, following a 0.5 percent fall in the previous period. It was the largest decline in manufacturing activity since the last quarter of 2009, amid the coronavirus pandemic. Output dropped in paper products, printing and reproduction of recorded media (-4.2 percent vs 1 percent in Q4 2019); and miscellaneous manufacturing industries (-1.8 percent vs 0.7 percent). Also, production of food, beverages and tobacco fell further (-10.1 percent vs -1.9 percent). In contrast, output decreased less for metals, computers, electronics and machinery (-3.2 percent vs -0.8 percent) while rose at a faster pace for textiles and wearing apparel (0.8 percent vs 0.5 percent).
Industrial Production in Hong Kong averaged 0.43 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 July of 2020. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong is expected to be -9.50 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.