The seasonally adjusted Nikkei Hong Kong PMI dropped to 47.1 in November 2018 from 48.6 in the previous month. It was the seven straight month of contraction in private sector activity and the steepest since June 2016, affected by ongoing US-China trade frictions. Output declined further; new orders shrank for the eight straight month and at its fastest in nearly 2-1/2 years. Also, exports to China fell at the fastest pace in three years. In addition, firms cut back further on hiring and input purchases. Meanwhile, the survey continued to show a mixed inflation picture given diverging price indicators, as higher overall input costs were not accompanied by greater output prices. Finally, confidence deteriorated further, with the future output index being the lowest since March 2016. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 49.40 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 48.20 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 2.00 6.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 47.10 48.60 53.30 44.40 [+]
Industrial Production 1.60 1.10 7.10 -12.50 percent [+]
Changes in Inventories 11918.00 2949.00 36307.00 -17104.00 HKD Million [+]
Bankruptcies 14173.00 15795.00 16200.00 409.00 Companies [+]
Car Registrations 2586.00 3124.00 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 77.00 77.00 84.00 70.10 Points [+]
Corruption Rank 13.00 15.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
47.10 48.60 53.30 44.40 2011 - 2018 Monthly

Country Last Previous
Australia 51.30 Nov/18
Brazil 52.70 Nov/18
Canada 54.90 Nov/18
China 50.20 Nov/18
Euro Area 51.80 Nov/18
France 50.80 Nov/18
Germany 51.80 Nov/18
India 54.00 Nov/18
Indonesia 50.40 Nov/18
Italy 48.60 Nov/18
Japan 52.20 Nov/18
Mexico 49.70 Nov/18
Netherlands 56.10 Nov/18
Russia 52.60 Nov/18
Saudi Arabia 55.20 Nov/18
Singapore 51.50 Nov/18
South Africa 49.50 Nov/18
South Korea 48.60 Nov/18
Spain 52.60 Nov/18
Switzerland 57.70 Nov/18
Turkey 44.70 Nov/18
United Kingdom 53.10 Nov/18
United States 55.30 Nov/18