Business confidence in Hong Kong declined to -37 in the second quarter of 2020 from -22 in the previous period. It was the lowest reading since the first quarter of 2009, amid the coronavirus crisis. Sentiment deteriorated among accommodation and food services (-63 from -42 in Q1); transportation, storage and courier services; retailers (-42 from -39); financing & insurance (-47 from -16); professional & business services (-37 from -13); transportation, storage and courier services (-47 from -33); information & communication (-15 from -2); and real estate (-29 from -18). Meanwhile, sentiment improved slightly among manufacturers (-23 from -27); constructors (-20 from -28).
Business Confidence in Hong Kong averaged 5.34 points from 2006 until 2020, 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 July of 2020. source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong is expected to be -32.00 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 -10.00 in 12 months time. In the long-term, the Hong Kong Business Confidence is projected to trend around 6.00 points in 2021 and 8.00 points in 2022, according to our econometric models.