Business confidence in Hong Kong fell to -8 in the third quarter of 2019 from -1 in the previous period. By sector, expectations for the business situation deteriorated in financing & insurance (-6 from 9 in Q2); real estate (-10 from 6); transportation, storage and courier services (-9 from -1); manufacturing (-8 from -1); accommodation and food services (-17 from -9) and retail (-24 from -8). Meantime, expectations improved in information & communication (10 from 13); construction (-7 from -22); and professional & business services (-3 from -4) while remained steady in import/export trade and wholesale (-8, the same as in Q2). Business Confidence in Hong Kong averaged 7.44 Index Points from 2006 until 2019, reaching an all time high of 32 Index Points in the third quarter of 2006 and a record low of -53 Index Points in the first quarter of 2009.

Business Confidence in Hong Kong is expected to be -8.00 Index 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 4.00 Index Points in 2020, according to our econometric models.

Hong Kong Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-19 08:30 AM Business Confidence Q4 2 6 5
2019-01-18 08:30 AM Business Confidence Q1 -12 2 -3.36
2019-04-26 08:40 AM Business Confidence Q2 -1 -12 -8
2019-07-19 08:40 AM Business Confidence Q3 -8 -1 -3
2019-10-18 08:30 AM Business Confidence Q4 -8 5


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 Business Confidence

In Hong Kong, the Quarterly Business Tendency Survey measures the expectations of entrepreneurs regarding changes in business situation in the current quarter compared to the previous quarter. The survey covers a sample of 560 senior managers from the main sectors of the economy: manufacturing; construction; wholesale and retail trade; accommodation and food services; transportation, storage and courier services; information and communications; financing and insurance; real estate; and professional and business services sectors. The survey result is presented as a net balance: the difference between the percentage of respondents choosing “a better outlook” and that choosing "a worse outlook". A positive sign indicates a likely upward trend while a negative sign, a likely downward trend. This page provides - Hong Kong Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Business Confidence - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -1.00 32.00 -53.00 2006 - 2019 Index Points Quarterly




Country Last Previous
Australia 2.00 Jun/19
Brazil 57.40 Jul/19
Canada 52.40 Jun/19
China 49.40 Jun/19
Euro Area 0.17 Jun/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.80 Jun/19
Japan 7.00 Jun/19
Mexico 51.20 Jun/19
Netherlands 3.30 Jun/19
Russia -1.00 Jun/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 75.00 Jun/19
Spain -3.70 Jun/19
Switzerland 93.60 Jun/19
Turkey 102.50 Jun/19
United Kingdom -32.00 Sep/19
United States 51.70 Jun/19


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