Manufacturing production in Hong Kong increased 0.3 percent over a year earlier in the second quarter of 2019, easing from a 1.4 percent rise in the previous period. It was the smallest gain in factory output since the third quarter of 2017, as production slowed for food, beverages & tobacco (1.8 percent from 2.0 percent in Q1); and miscellaneous manufacturing industries (0.3 percent from 2.3 percent). Also, output declined for metal, computer, electronic & optical products, machinery & equipment (-2.1 percent from 0.4 percent). Meanwhile, production of paper products, printing & reproduction of recorded media declined less (-1.5 percent from -3.3 percent) and textiles & wearing apparel output rebounded (1.3 percent from -0.1 percent). Industrial Production in Hong Kong averaged -1.72 percent from 1999 until 2019, reaching an all time high of 7.10 percent in the first quarter of 2006 and a record low of -12.50 percent in the second quarter of 2003.
Industrial Production in Hong Kong is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hong Kong to stand at 2.00 in 12 months time. In the long-term, the Hong Kong Manufacturing Production is projected to trend around 3.40 percent in 2020, according to our econometric models.