The IHS Markit Hong Kong PMI unexpectedly was up to 46.8 in January 2020 from 42.1 in the prior month to beat market consensus of 45.2. This was the 22nd straight month of contraction in the private sector but the softest fall in five months. Declines in output and new orders eased but remained sharp, while employment stabilised. According to panel participants, political issues and trade disputes continued to restrict exports. "It was also encouraging to see that some companies refrained from cutting jobs, which led to a stabilisation of private sector employment,” said Pollyanna De Lima, Principal Economist at IHS Markit.
Manufacturing PMI in Hong Kong averaged 48.81 points from 2011 until 2019, reaching an all time high of 53.30 points in February of 2014 and a record low of 38.50 points in November of 2019. This page provides the latest reported value for - Hong Kong Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics
Manufacturing PMI in Hong Kong is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Hong Kong to stand at 51.80 in 12 months time. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 51.80 points in 2021, according to our econometric models.