The seasonally adjusted Nikkei Hong Kong PMI edged up to 48.4 in April of 2019 from 48.0 in the previous month. Still, the latest PMI reading pointed to the 13th straight month of contraction in the private sector, led by declines in both output and new orders. Also, new business from mainland China continued to shrink; and buying levels dropped, with firms preferring to tap into existing input inventories to meet current demand. Meanwhile, employment was broadly stagnant and have not shown a rise since the end of 2017. In terms of cost, both overall input prices and output charges fell, indicating renewed deflationary pressures. Looking ahead, sentiment remained downbeat and sunk to a four-month low, due to greater competition, rising costs and a slowdown in the global economy. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 51.40 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 52.00 in 12 months time. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 51.80 in 2020, according to our econometric models.

Hong Kong Private Sector PMI
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Hong Kong Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -12.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 48.40 48.00 53.30 44.40 [+]
Industrial Production 1.30 1.20 7.10 -12.50 percent [+]
Changes in Inventories -6879.00 -2562.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 20646.00 16860.00 20646.00 409.00 Companies [+]
Car Registrations 3314.00 2529.00 6154.00 332.00 [+]
Internet Speed 21908.83 21943.39 21943.39 6090.98 KBps [+]
IP Addresses 3132077.00 3045927.00 3132077.00 1589168.00 IP [+]
Competitiveness Index 82.25 81.99 82.25 5.22 Points [+]
Competitiveness Rank 7.00 7.00 12.00 7.00 [+]
Ease of Doing Business 4.00 5.00 5.00 2.00 [+]
Corruption Index 76.00 77.00 84.00 70.10 Points [+]
Corruption Rank 14.00 13.00 18.00 12.00 [+]


Hong Kong Private Sector PMI

The Nikkei Hong Kong Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 300 companies. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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. Hong Kong Private Sector PMI - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.40 48.00 53.30 44.40 2011 - 2019 Monthly
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Country Last Previous
Australia 54.80 Apr/19
Brazil 51.50 Apr/19
Canada 49.70 Apr/19
China 50.20 Apr/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 51.80 Apr/19
Indonesia 50.40 Apr/19
Italy 49.10 Apr/19
Japan 49.60 May/19
Mexico 50.10 Apr/19
Netherlands 52.00 Apr/19
Russia 51.80 Apr/19
Saudi Arabia 56.80 Apr/19
Singapore 50.30 Apr/19
South Africa 47.20 Apr/19
South Korea 50.20 Apr/19
Spain 51.80 Apr/19
Switzerland 48.50 Apr/19
Turkey 46.80 Apr/19
United Kingdom 53.10 Apr/19
United States 50.60 May/19


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