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.

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Hong Kong Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-04-22 09:00 AM Q2 -8 1 -11
2022-07-15 08:30 AM Q3 6 -8 3
2022-10-21 09:00 AM Q4


Related Last Previous Unit Reference
Business Confidence 6.00 -8.00 points Sep 2022
Industrial Production -1.20 5.80 percent Mar 2022
Changes in Inventories 18321.00 -17027.00 HKD Million Jun 2022
Bankruptcies 4633.00 5604.00 Companies May 2022
Car Registrations 2150.00 1929.00 May 2022

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
6.00 -8.00 32.00 -53.00 2006 - 2022 points Quarterly

News Stream
Hong Kong Business Sentiment Strengthens in Q3
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),
2022-07-15
Hong Kong Business Sentiment Weakens in Q2
The business confidence indicator in Hong Kong came at -8 in the second quarter of 2022, falling from 1 in the previous period. The proportion of respondents expecting their business situation to deteriorate was 21% (vs 13% in Q1), well above the 13% (vs 14%) of respondents that expect business conditions to improve. Sentiment was significantly worse for construction (-32 vs -17 in Q1), manufacturing (-19 vs -8), transportations, storage, and courier services (-12 vs -7), and professional and business services (-19 vs +3). On the other hand, increased economic activity lifted the accommodation and food services gauge (+23 vs +2).
2022-04-22
Hong Kong Business Sentiment Stable in Q1
The business confidence indicator in Hong Kong came in at 1 in the first quarter of 2022, unchanged from the previous period. The proportion of respondents expecting their business situation to be better (14%) in Q1 2022 over the preceding quarter is slightly higher than that expecting it to be worse (13%). The results are broadly the same as those of the Q4 2021 round of survey. Sentiment improved for import/export trade and wholesale (+2 vs 0 in Q4), financing and insurance (+5 vs -2), real estate (+8 vs +7) and professional and business services (+3 vs -1), but deteriorated in construction (-17 vs -6), retail (-11 vs +9), manufacturing (-8 vs +14), accommodation and food services (+2 vs +29), transportation, storage and courier services (-7 vs -2) and information & communications (-2 vs +5).
2022-01-21