The business confidence indicator in Hong Kong slumped to -17 in the first quarter of 2021 from -8 in the previous period. It was the lowest reading since the second quarter of 2020, as the worsening of local epidemic caused disruptions to a range of domestic economic activities. The deterioration in business sentiment was particularly evident among accommodation and food services (-44 vs +19), transportation, storage and courier services (-39 vs -13); construction (-28 vs -19), retail (-18 vs -5), information & communications (-18 vs flat reading), real estate (-16 vs -12) and professional and business services (-13 vs +4). source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong averaged 4.49 points from 2006 until 2021, reaching an all time high of 32 points in the third quarter of 2006 and a record low of -53 points in the first quarter of 2009. This page provides - Hong Kong Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Business Confidence in Hong Kong is expected to be -1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Hong Kong to stand at 6.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 8.00 points in 2022, according to our econometric models.