The S&P Global Hong Kong SAR PMI increased to 52.0 in June 2026 from 50.4 in May, marking a second consecutive month of expansion in private-sector activity. It was the strongest growth in the private sector since February, supported by stronger upturns in output and new orders. New orders grew for the second straight month, driven by improving demand and greater spending during the World Cup. However, employment continued to fall, with the pace of job shedding remaining marginal. Firms also lowered their purchasing activity for the first time since last September amid concerns over the outlook for sales, while delivery times lengthened due to supplier shortages and shipping delays. On prices, input costs rose, driven by higher raw material prices. However, input cost inflation eased from the previous month. As a result, firms raised selling prices, partially passing on higher costs to customers. Finally, business sentiment weakened due to subdued local demand. source: S&P Global

Manufacturing PMI in Hong Kong increased to 52 points in June from 50.40 points in May of 2026. Manufacturing PMI in Hong Kong averaged 49.04 points from 2011 until 2026, reaching an all time high of 54.90 points in May of 2022 and a record low of 33.10 points in February of 2020. This page provides the latest reported value for - Hong Kong Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Hong Kong increased to 52 points in June from 50.40 points in May of 2026. Manufacturing PMI in Hong Kong is expected to be 50.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 52.00 points in 2027 and 51.60 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 12622.00 11016.00 Companies Apr 2026
Business Confidence -4.00 -5.00 points Sep 2026
Car Registrations 9290.00 10446.00 Units Apr 2026
Changes in Inventories 60795.00 36525.00 HKD Million Mar 2026
Corruption Index 76.00 74.00 Points Dec 2025
Corruption Rank 12.00 17.00 Dec 2025
Industrial Production YoY 3.10 5.70 percent Mar 2026


Hong Kong Private Sector PMI
The S&P Global Hong Kong Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 300 companies. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Hong Kong Private Sector Growth at 4-Month High
The S&P Global Hong Kong SAR PMI increased to 52.0 in June 2026 from 50.4 in May, marking a second consecutive month of expansion in private-sector activity. It was the strongest growth in the private sector since February, supported by stronger upturns in output and new orders. New orders grew for the second straight month, driven by improving demand and greater spending during the World Cup. However, employment continued to fall, with the pace of job shedding remaining marginal. Firms also lowered their purchasing activity for the first time since last September amid concerns over the outlook for sales, while delivery times lengthened due to supplier shortages and shipping delays. On prices, input costs rose, driven by higher raw material prices. However, input cost inflation eased from the previous month. As a result, firms raised selling prices, partially passing on higher costs to customers. Finally, business sentiment weakened due to subdued local demand.
2026-07-06
Hong Kong Private Sector Returns to Growth
The S&P Global Hong Kong SAR PMI rose to 50.4 in May 2026 from 48.6 in April, signaling a renewed expansion in private-sector activity after two consecutive months of contraction. Business activity increased for the first time since March, supported by a modest rise in new orders and a solid rebound in export demand, with foreign sales posting their strongest growth in three months. Meanwhile, employment declined slightly as firms chose not to replace departing staff, while backlogs continued to fall, albeit at a slower pace. Purchasing activity expanded at a softer rate, and supplier delivery times lengthened for the first time in three months, partly due to shipping disruptions linked to the Middle East conflict. Cost pressures remained elevated, with purchase prices rising at the fastest pace since December 2021, while firms continued to raise selling prices, though at a slower pace than in April. Business confidence stayed negative but improved to a three-month high.
2026-06-03
Hong Kong Private Sector PMI Slips to 10-Month Low
The S&P Global Hong Kong SAR PMI fell to 48.6 in April 2026 from 49.3 in March, marking its lowest level since June 2025 and signaling a second straight month of contraction in the private sector. Both output and new orders fell again, with output shrinking at the fastest pace in nearly a year. Employment fell for the first time in three months as backlogs continued to ease. Still, foreign orders picked up, even as demand from China softened for the first time in seven months. Buying activity rose modestly, while supplier performance improved amid reports of adequate capacity. Cost pressures mounted, with input price inflation hitting a 14-1/2- year high, driven by higher raw material costs and the ninth straight month of rise in wages. Firms lifted selling prices at the fastest pace since August 2023 to protect margins. Lastly, sentiment remained subdued, though slightly less negative, amid concerns over rising competition and geopolitical risks linked to tensions in the Middle East.
2026-05-06