The IHS Markit Hong Kong PMI fell to a three-month low of 51.7 in September 2021 from 53.3 in August. Still, this marked the eighth straight month of growth in private sector activity on the back of stable COVID-19 conditions, with both output and new orders continuing to grow. Staffing levels, meantime, remained almost unchanged, while outstanding work accumulated once again. Foreign demand, including from China remained weak, declining for a fourth consecutive month and at rates faster than August. At the same time, buying levels rose the most since November 2017, leading stock or purchases rising g at a strong rate. Suppliers’ delivery times continued to lengthen and for a fifth straight month. On the cost side, overall input price inflation continued to exceed that of output charges, indicating pressure on the margins. Lastly, sentiment eased sharply source: Markit Economics
Manufacturing PMI in Hong Kong averaged 48.46 points from 2011 until 2021, reaching an all time high of 53.30 points in February of 2014 and a record low of 33.10 points in February of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Manufacturing PMI in Hong Kong is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 52.00 points in 2022, according to our econometric models.