The IHS Markit Hong Kong PMI rose to 52.5 in May 2021 from 50.3 in April. This was the fourth straight month of growth in the private sector and the steepest pace since February 2014, buoyed by further easing of COVID-19 restrictions at the end of April. Output grew the most since February 2018; new orders rose further; while new business from abroad went up for the first time since March 2019, including new business from the mainland which saw growth after falling in the prior 25 months. At the same time, buying activity saw a marked improvement, while higher workloads did not translate to a rise in employment, and backlogs of works accelerated the most since February 2014. Lead times worsened after an improvement in April, due to shortages of input materials and shipping delays. As for prices, input cost rose the most since June 2018, with output charges rising for the first time was since June 2019. Lastly, confidence was at its highest since February 2014’s record. source: Markit Economics
Manufacturing PMI in Hong Kong averaged 48.34 points from 2011 until 2021, reaching an all time high of 53.30 points in February of 2014 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. Hong Kong Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Manufacturing PMI in Hong Kong is expected to be 52.00 points 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 51.00 in 12 months time. In the long-term, the Hong Kong Private Sector PMI is projected to trend around 52.00 points in 2022, according to our econometric models.