The seasonally adjusted Nikkei Hong Kong PMI increased to 48.6 in October of 2018 from 47.9 in the previous month. Still, it marked the seventh straight month of contraction in private sector activity, with trade wars and tariffs continuing to weigh on demand. Both new business and output fell for the seventh month running, while the depreciation of the renminbi has eroded Chinese purchasing power which, in turn, reduced China’s demand. Lower sales also contributed to a further fall in backlogs, freeing up spare operating capacities. However, delivery delays continued to be reported, often linked to weather-related disruptions and supply shortages. Diverging price indicators meanwhile painted a mixed picture for prices as overall input costs rose but output charges decreased. Meantime, firms remained pessimistic about future output, with a greater proportion of panelists expecting lower output over the coming year. 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 48.60 47.90 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
48.60 47.90 53.30 44.40 2011 - 2018 Monthly

Country Last
Australia 58.30 Oct/18
Brazil 51.10 Oct/18
Canada 53.90 Oct/18
China 50.10 Oct/18
Euro Area 52.00 Oct/18
France 51.20 Oct/18
Germany 52.20 Oct/18
India 53.10 Oct/18
Indonesia 50.50 Oct/18
Italy 49.20 Oct/18
Japan 52.90 Oct/18
Mexico 50.70 Oct/18
Netherlands 57.10 Oct/18
Russia 51.30 Oct/18
Saudi Arabia 53.80 Oct/18
Singapore 51.90 Oct/18
South Africa 42.40 Oct/18
South Korea 51.00 Oct/18
Spain 51.80 Oct/18
Switzerland 57.40 Oct/18
Turkey 44.30 Oct/18
United Kingdom 51.10 Oct/18
United States 55.70 Oct/18