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.

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Hong Kong Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-13 08:30 AM Q3 -0.6% 2.7% 0.8%
2023-03-14 08:30 AM Q4 -0.1% -0.5% -1.3%
2023-06-15 08:30 AM Q1 -0.1%


Related Last Previous Unit Reference
Business Confidence 6.00 4.00 points Mar 2023
Industrial Production -0.10 -0.50 percent Dec 2022
Changes in Inventories -18066.00 -5616.00 HKD Million Dec 2022
Bankruptcies 6282.00 10751.00 Companies Jan 2023
Car Registrations 2530.00 3860.00 Units Jan 2023

Hong Kong Manufacturing Production
In Hong Kong, industrial production measures the output of businesses integrated in manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.50 23.90 -14.20 1983 - 2022 percent Quarterly

News Stream
Hong Kong Manufacturing Output Falls in Q4
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.
2023-03-14
Hong Kong Manufacturing Output Drops in Q3
Manufacturing production in Hong Kong fell 0.6 percent year-on-year in the third quarter of 2022, following a 2.7 percent gain in the previous period. Output volumes declined for the textiles and wearing apparel industry (-4.6 percent vs -1.0 percent in Q2); the metal, computer, electronic and optical products, machinery and equipment industry (-2.1 percent vs -2.7 percent); the food, beverages and tobacco industry (-1.0 percent vs 1.1 percent); and the paper products, printing and reproduction of recorded media industry (-0.6 percent vs 0.9 percent). At the same time, output growth slowed down for miscellaneous manufacturing industries (0.9 percent vs 5.4 percent). On a seasonally adjusted basis, industrial output fell 2.6 percent in the third quarter of 2022 compared with the second quarter of 2022.
2022-12-13
Hong Kong Manufacturing Output Rebounds in Q2
Manufacturing production in Hong Kong rose by 2.7 percent year-on-year in the second quarter of 2022, following an upwardly revised 1.3 percent fall in the previous period. Output volumes rose for miscellaneous manufacturing industries (5.4 percent), food, beverages and tobacco (1.1 percent) and paper products, printing and reproduction of recorded media (1 percent). Conversely, declines were seen in the production of metal, computer, electronic and optical products, machinery and equipment (-2.7 percent) and textiles and wearing apparel (-1 percent). On a seasonally adjusted basis, manufacturing activity increased by 5.3 percent in the second quarter of 2022 compared with the first quarter of 2022.
2022-09-14