Business confidence in Hong Kong slightly worsened to -3 in the first quarter of 2026, from -2 in the previous three-month period. The share of respondents expecting better business conditions declined to 11% from 13% in Q4 2025, while those anticipating worse conditions eased slightly to 14% from 15%. Sentiment continued to deteriorate in import/export trade and wholesale (-12 vs -11 in Q4), transportation, storage and courier services (-13 vs -11), and professional and business services (-12 vs -9). In addition, sentiment turned pessimistic in retail (-1 vs 14), accommodation and food services (-22 vs 10), and real estate (-4 vs 7). On the other hand, sentiment was unchanged in manufacturing (-15), while it improved modestly in construction (-23 vs -24) and information and communication (-8 vs -16). source: Census and Statistics Department, Hong Kong

Business Confidence in Hong Kong decreased to -3 points in the first quarter of 2026 from -2 points in the fourth quarter of 2025. Business Confidence in Hong Kong averaged 3.52 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 February of 2026.

Business Confidence in Hong Kong decreased to -3 points in the first quarter of 2026 from -2 points in the fourth quarter of 2025. Business Confidence in Hong Kong is expected to be 0.00 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-24 08:30 AM
Business Confidence
Q4 -2 -8 -5
2026-01-23 08:30 AM
Business Confidence
Q1 -3 -2 0
2026-04-24 08:30 AM
Business Confidence
Q2 -3 6


Related Last Previous Unit Reference
Bankruptcies 8017.00 6840.00 Companies Dec 2025
Business Confidence -3.00 -2.00 points Mar 2026
Car Registrations 6337.00 4967.00 Units Dec 2025
Changes in Inventories 11626.00 1675.00 HKD Million Sep 2025
Industrial Production YoY 5.40 0.90 percent Sep 2025


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
-3.00 -2.00 32.00 -53.00 2006 - 2026 points Quarterly

News Stream
Hong Kong Business Morale Slightly Worsens
Business confidence in Hong Kong slightly worsened to -3 in the first quarter of 2026, from -2 in the previous three-month period. The share of respondents expecting better business conditions declined to 11% from 13% in Q4 2025, while those anticipating worse conditions eased slightly to 14% from 15%. Sentiment continued to deteriorate in import/export trade and wholesale (-12 vs -11 in Q4), transportation, storage and courier services (-13 vs -11), and professional and business services (-12 vs -9). In addition, sentiment turned pessimistic in retail (-1 vs 14), accommodation and food services (-22 vs 10), and real estate (-4 vs 7). On the other hand, sentiment was unchanged in manufacturing (-15), while it improved modestly in construction (-23 vs -24) and information and communication (-8 vs -16).
2026-01-23
Hong Kong Business Morale Improves in Q4
Business confidence in Hong Kong rose to -2 in the fourth quarter of 2025 from -8 in the previous quarter. The share of respondents expecting business conditions to improve rose to 13% in Q4 2025 (vs 10% in Q3), while those anticipating worse conditions declined to 15% (vs 18% in Q3). Confidence strengthened in financing and insurance (13 vs 11), real estate (7 vs 3), and turned positive in accommodation and food services (10 vs -16) and retail (14 vs -14). Sentiment also improved though remained negative in import/export trade and wholesale (-11 vs -18), transportation, storage and courier services (-11 vs -31), and professional and business services (-9 vs -14). In contrast, sentiment weakened further in manufacturing (-15 vs -2), information and communications (-16 vs -9), and construction (-24 vs -22), reflecting continued sector-specific challenges.
2025-10-24
Hong Kong Business Morale Inches Up in Q3
Business confidence in Hong Kong improved slightly to -8 in the third quarter of 2025 from -9 in the previous quarter. The share of respondents expecting business conditions to improve edged up to 10% (vs 9% in Q2), while those anticipating worse conditions remained unchanged at 18%. Confidence strengthened for financing and insurance (11 vs 8 in Q2) and turned positive for real estate (3 vs -11). Sentiment also improved—though remained negative—for manufacturing (-2 vs -20), import/export trade and wholesale (-18 vs -19), accommodation and food services (-16 vs -37), and information and communications (-9 vs -17). In contrast, sentiment deteriorated further for construction (-22 vs -16), transportation, storage and courier services (-31 vs -25), and professional and business services (-14 vs -6). Meanwhile, confidence in retail slipped into negative territory at -14, down from 4 in the previous quarter.
2025-07-18