The seasonally adjusted Nikkei Hong Kong PMI increased to 47.9 in June of 2019 from 46.9 in the previous month and compared with market expectations of 46.8. The latest reading pointed to a contraction in the private sector for the fifteenth straight month amid concerns over rising US-China trade tensions and local protests. New orders dropped, extending the current trend of contractions that started in April last year, as orders from mainland China shrank at the strongest pace in over three-and-a-half years. Also, staff numbers were reduced, and purchasing activity fell as firms preferred to tap into existing inventories to meet demand. On the price front, input costs accelerated and output prices increased marginally mostly driven by higher materials costs and wage increases. Finally, sentiment weakened, amid US-China trade worries and intense competition. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 48.20 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 51.00 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
Forecast Data Chart
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Hong Kong Business Last Previous Highest Lowest Unit
Business Confidence -8.00 -1.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 47.90 46.90 53.30 44.40 [+]
Industrial Production 1.40 1.20 7.10 -12.50 percent [+]
Changes in Inventories -6879.00 -2562.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 14030.00 12525.00 20646.00 409.00 Companies [+]
Car Registrations 3568.00 2967.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.90 46.90 53.30 44.40 2011 - 2019 Monthly

Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19