Manufacturing production in Hong Kong slipped 7.4 percent year-on-year in the third quarter of 2020, following a 5.1 percent fall in the previous period. It was the biggest decline since the third quarter of 2009, amid the coronavirus crisis. Output decreased for food, beverages and tobacco (-14.2 percent vs -11.7 percent in Q2); miscellaneous manufacturing industries (-6.2 percent vs -2.4 percent); paper products, printing and reproduction of recorded media (-3.7 percent vs -4.5 percent) and textiles and wearing apparel (-0.6 percent vs -4.5 percent). Conversely, metals, computers, electronics and machinery output continued to grow solidly (5.5 percent vs 4 percent). On a seasonally adjusted basis, manufacturing activity decreased 2.5% in the third quarter of 2020 compared with the second quarter of 2020. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.34 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 January of 2021.
Industrial Production in Hong Kong is expected to be 3.40 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.