Manufacturing production in Hong Kong fell 1.2 percent year-on-year in the first quarter of 2022, following a 5.8 percent rise in the previous period. It was the first contraction since the fourth quarter of 2020, reflecting the impact of stringent lockdowns to control the region’s worst virus outbreak since the start of the pandemic. Downward pressure came mainly from manufacturing of food, beverages and tobacco (-4.4 percent); and paper products, printing and reproduction of recorded media (-3.4 percent). On the other hand, output increased in textiles and wearing apparel (6.1 percent) and for metal, computer, electronic and optical products, machinery and equipment (5.4 percent). source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.42 percent from 1983 until 2022, reaching an all time high of 23.90 percent in the first quarter of 1987 and a record low of -14.20 percent in the fourth quarter of 1998. This page provides - Hong Kong Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Industrial Production in Hong Kong is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2023, according to our econometric models.