The seasonally adjusted Nikkei Hong Kong PMI dropped to 48.0 in March 2019 from 48.4 in the previous month. The latest reading pointed to the twelfth straight month of contraction in the private sector, as output, new orders and employment shrank. Also, buying levels continued to be scaled down which contributed to another decline in input stocks. Meanwhile, export orders advanced, but Chinese demand remained weak, as reflected by another month of lower sales to the country. On the price front, input prices rose for a sixth consecutive month, driven by higher purchasing costs and wages and output cost went up marginally. Finally, sentiment remained negative, amid pessimism regarding competition, US-China trade tensions, higher input costs and a worsening economic environment. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 51.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Hong Kong to stand at 52.00 in 12 months time. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 51.80 in 2020, according to our econometric models.

Hong Kong Private Sector PMI
Forecast Data Chart
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Hong Kong Business Last Previous Highest Lowest Unit
Business Confidence -12.00 2.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 48.00 48.40 53.30 44.40 [+]
Industrial Production 1.30 1.20 7.10 -12.50 percent [+]
Changes in Inventories -3008.00 11698.00 36307.00 -17104.00 HKD Million [+]
Bankruptcies 13241.00 13332.00 16200.00 409.00 Companies [+]
Car Registrations 2529.00 2487.00 6154.00 332.00 [+]
Internet Speed 21908.83 21943.39 21943.39 6090.98 KBps [+]
IP Addresses 3132077.00 3045927.00 3132077.00 1589168.00 IP [+]
Competitiveness Index 82.25 81.99 82.25 5.22 Points [+]
Competitiveness Rank 7.00 7.00 12.00 7.00 [+]
Ease of Doing Business 4.00 5.00 5.00 2.00 [+]
Corruption Index 76.00 77.00 84.00 70.10 Points [+]
Corruption Rank 14.00 13.00 18.00 12.00 [+]

Hong Kong Private Sector PMI

The Nikkei 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 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. Hong Kong Private Sector PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.00 48.40 53.30 44.40 2011 - 2019 Monthly

Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19