Manufacturing Production in Hong Kong advanced 5.6 percent year-on-year in the second quarter of 2021, following a 2.6 percent increase in the previous period. It was the largest growth in manufacturing output since the fourth quarter of 2010, boosted by increase in production of food, beverages & tobacco (7.1 percent vs 5.3 percent in Q1 2021); and miscellaneous manufacturing industries (7.4 percent vs 3 percent). Moreover, output rebounded for textiles and wearing apparel (1.5 percent vs -2.9 percent); and paper products, printing and reproduction of recorded media industry (2.7 percent vs -2.6 percent). Meanwhile, production continued to decline further for metal, computer, electronic and optical products, machinery, and equipment industry (-2.3 percent vs -1.2percent). On a seasonally adjusted basis, manufacturing activity increased 1.9% in the second quarter of 2021 compared with the first quarter of 2021. source: Census and Statistics Department, Hong Kong
Industrial Production in Hong Kong averaged 0.34 percent from 1983 until 2021, 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 December of 2021.
Industrial Production in Hong Kong is expected to be 5.50 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 2022, according to our econometric models.