Manufacturing production in Hong Kong declined 0.1 percent year-on-year in the fourth quarter of 2022, following a revised 0.5 percent fall in the previous period. It was the second consecutive quarter of contraction but at a softer pace compared to the prior period, as output dropped further for textiles and wearing apparel (-5.1 percent vs -4.6 percent in Q3) and paper products, printing and reproduction of recorded media (-2.3 percent vs -0.6 percent). Also, production decreased less for metal, computer, electronic and optical products, machinery and equipment (-1.5 percent vs -2.3 percent) and food, beverages and tobacco (-0.3 percent vs -1 percent). In contrast, output growth was recorded in miscellaneous manufacturing industries (1.2 percent vs 1 percent). For full 2022, manufacturing output advanced 0.2 percent, slowing down from a 5.5 percent growth in 2021. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.42 percent from 1983 until 2022, 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 March of 2023.
Industrial Production in Hong Kong is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 0.80 percent in 2024 and 0.50 percent in 2025, according to our econometric models.