The business confidence indicator in Hong Kong rose to 6 in the third quarter of 2022 compared to -8 in the previous period. The proportion of respondents expecting a better business situation was 18% (vs 13% in Q2) while those anticipating a worse business situation decreased to 12% (vs 21%). Optimism was higher in accommodation and food services (+49 vs +23); retail sector (+25 vs +11), manufacturing (+24 vs -19); financing and insurance (+10 vs -4) and real estate (+10 vs -2). However, sentiment remained weakened for construction (-5 vs -32), professional and business services (-3 vs -19); transportation, storage and courier services (-2 vs -12); and information and communications (-3 vs +1), source: Census and Statistics Department, Hong Kong
Business Confidence in Hong Kong averaged 4.16 points from 2006 until 2022, 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 August of 2022.
Business Confidence in Hong Kong is expected to be 3.00 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 8.00 points in 2023, according to our econometric models.