Business confidence in Hong Kong rose to 5 in the fourth quarter of 2026, its highest level since the fourth quarter of 2023, up from -4 in the previous quarter. This marked the first positive reading after ten consecutive quarters of pessimism, as sentiment improved across most sectors. The proportion of respondents expecting improving business conditions was 14%, higher then the 10% in the previous quarter. Sentiment turned optimistic particularly in accommodation and catering services (19 vs. -9), while also in import and export trade and wholesale (8 vs. -9) and retail (5 vs. -2). Meanwhile, confidence improved to a neutral level in information and communications (0 vs. -7) and real estate (0 vs. -11). Pessimism also eased in professional and business services (-4 vs. -10), while sentiment in transportation, warehousing and express delivery services edged up slightly (-14 vs. -15). However, confidence in manufacturing deteriorated, falling to 0 from 5 in the previous quarter. source: Census and Statistics Department, Hong Kong

Business Confidence in Hong Kong increased to 5 points in the fourth quarter of 2026 from -4 points in the third quarter of 2026. Business Confidence in Hong Kong averaged 3.35 points from 2006 until 2026, reaching an all time high of 32.00 points in the third quarter of 2006 and a record low of -53.00 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 October of 2026.

Business Confidence in Hong Kong increased to 5 points in the fourth quarter of 2026 from -4 points in the third quarter of 2026. Business Confidence in Hong Kong is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Business Confidence is projected to trend around 3.00 points in 2027 and 1.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-17 08:30 AM
Business Confidence
Q3 -4 -5 -4
2026-10-16 08:30 AM
Business Confidence
Q4 5 -4 -6


Related Last Previous Unit Reference
Bankruptcies 12622.00 11016.00 Companies Apr 2026
Business Confidence 5.00 -4.00 points Dec 2026
Car Registrations 9290.00 10446.00 Units Apr 2026
Changes in Inventories 22940.00 60737.00 HKD Million Jun 2026
Industrial Production YoY 2.30 3.20 percent Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 -4.00 32.00 -53.00 2006 - 2026 points Quarterly

News Stream
Hong Kong Business Confidence Highest in 3 Years
Business confidence in Hong Kong rose to 5 in the fourth quarter of 2026, its highest level since the fourth quarter of 2023, up from -4 in the previous quarter. This marked the first positive reading after ten consecutive quarters of pessimism, as sentiment improved across most sectors. The proportion of respondents expecting improving business conditions was 14%, higher then the 10% in the previous quarter. Sentiment turned optimistic particularly in accommodation and catering services (19 vs. -9), while also in import and export trade and wholesale (8 vs. -9) and retail (5 vs. -2). Meanwhile, confidence improved to a neutral level in information and communications (0 vs. -7) and real estate (0 vs. -11). Pessimism also eased in professional and business services (-4 vs. -10), while sentiment in transportation, warehousing and express delivery services edged up slightly (-14 vs. -15). However, confidence in manufacturing deteriorated, falling to 0 from 5 in the previous quarter.
2026-10-16
Hong Kong Business Morale Improves Slightly in Q3
Business confidence in Hong Kong edged up to -4 in the third quarter of 2026 from -5 in the previous quarter. The share of respondents expecting a better business condition declined to 10% from 11% in Q2 2026, while those anticipating worse conditions eased slightly to 14% from 16%. Confidence strengthened in manufacturing (5 vs 0 in Q2) and sentiment also improved, though remained negative, in accommodation and food services (-9 vs -35), construction (-6 vs -21), and transportation, storage and courier services (-15 vs -24), information and communications (-7 vs -16), and retail (-2 vs -3). Confidence in import/export trade and wholesale was unchanged at -9. However, optimism eased in financing and insurance (10 vs 12), while sentiment deteriorated sharply in real estate (-11 vs 9) and professional and business services (-10 vs 2).
2026-07-17
Hong Kong Business Sentiment Weakens in Q2
Business confidence in Hong Kong fell to -5 in Q2 2026 from -3 in the previous period, marking the weakest reading in three quarters. The share of respondents expecting a better business condition was unchanged at 11% from Q1 2026, while those expecting a worse outcome rose to 16% from 14%. Deterioration was most evident in accommodation and food services (-35), where significantly more respondents expected a weaker business situation, lower output, and reduced employment. Construction also remained subdued (-21), with expectations skewed toward weaker activity and notably lower selling prices. In contrast, financing and insurance (+12) saw more respondents expecting an improved business situation and higher output. Selling price expectations were broadly stable to higher across most sectors, particularly in import/export trade and wholesale, where more firms expected increases, while construction stood out with significantly more respondents expecting lower tender prices.
2026-04-24