The business confidence indicator in Hong Kong rose to 6 in the third quarter of 2021 compared to 0 in the previous period, a level not seen since the third quarter of 2018. The proportion of respondents expecting a better business situation in Q3 2021 as compared with the preceding quarter edged up to 17%, against the corresponding proportion of 16% in Q2 2021. On the other hand, the proportion of respondents expecting a worse business situation has decreased from 16% in Q2 2021 to 11% in Q3 2021. Optimism was higher in accommodation and food services (+33 vs +20 in Q2); the manufacturing sector (+23 vs +14); retail (+18 vs +5); real estate (+14 vs +4); and international trade & wholesale (+8 vs 0). Still, sentiment remained subdued in construction (-21 vs -13) and transportation, storage & courier services (-18 vs -13). source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong averaged 4.43 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 September of 2021.
Business Confidence in Hong Kong is expected to be 10.00 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 8.00 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.