The S&P Global Hong Kong PMI edged down to a three-month low of 52.3 in July 2022 from 52.4 a month earlier. Still, this was the fourth straight month of growth in the private sector, amid sustained COVID-19 recovery and pandemic policy easing with both output and new orders rising for the fourth straight month and firms increasing their buying activity. However, foreign demand and orders from China saw a 2nd and 14th successive month of falls, each. Also, there was a downturn in employment while backlogged work accumulated due to higher orders. Vendor performance deteriorated for the 15th month running, on shipping delays. On prices, input costs rose for the 22nd straight month, reflecting higher spending for staff and surging prices of raw materials and transport. Output price inflation, meantime, rose for the fifth consecutive month but the rate of increase dipped to the slowest in the sequence. Finally, sentiment turned positive, lifted by China's easing of virus curbs. source: Markit Economics

Manufacturing PMI in Hong Kong averaged 48.58 points from 2011 until 2022, 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. Hong Kong Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Manufacturing PMI in Hong Kong is expected to be 51.00 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 2023, according to our econometric models.

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Hong Kong Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.30 52.40 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.30 52.40 54.90 33.10 2011 - 2022 points Monthly
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News Stream
Hong Kong Private Sector Grows for 4th Month
The S&P Global Hong Kong PMI edged down to a three-month low of 52.3 in July 2022 from 52.4 a month earlier. Still, this was the fourth straight month of growth in the private sector, amid sustained COVID-19 recovery and pandemic policy easing with both output and new orders rising for the fourth straight month and firms increasing their buying activity. However, foreign demand and orders from China saw a 2nd and 14th successive month of falls, each. Also, there was a downturn in employment while backlogged work accumulated due to higher orders. Vendor performance deteriorated for the 15th month running, on shipping delays. On prices, input costs rose for the 22nd straight month, reflecting higher spending for staff and surging prices of raw materials and transport. Output price inflation, meantime, rose for the fifth consecutive month but the rate of increase dipped to the slowest in the sequence. Finally, sentiment turned positive, lifted by China's easing of virus curbs.
2022-08-03
Hong Kong Private Sector Growth Eases
The S&P Global Hong Kong PMI fell to 52.4 in June 2022 from 54.9 a month earlier, amid lingering impacts of COVID-19. Still, the latest print was the third straight month of growth in the private sector, with both output and new orders rising at softer rates. At the same time, there was a renewed fall in foreign demand while firms saw a 13th straight month of drop in new orders from China, and companies cut back on input buying. Meanwhile, employment grew further, with the level of outstanding business up for the third month running. Further, a deterioration in supplier performance was the least in five months. On the price front, input cost went up the least in 15 months despite the current sequence of inflation extending to 21 months. As a result, output charges rose at a faster rate, as firms continued to partly pass on costs to clients. Finally, pessimism returned following two months of optimism.
2022-07-06
Hong Kong Private Sector Grows the Most Since 2011
The S&P Global Hong Kong PMI jumped to 54.9 in May 2022 from 52.7 a month earlier. This was the second straight month of increase in private sector activity and the strongest pace since March 2011, amid the stabilization of COVID-19 conditions and easing of curbs. Output and new order growth accelerated; while foreign sales rose for the first time in five months, though demand from China remained under pressure. In addition, there was an expansion of workforce numbers, and buying levels saw renewed growth after four months of contraction. Delivery times lengthened, due to curbs in China as well as shipping and manpower issues, while backlogged work continued to accumulate. On prices, input prices continued to climb, on higher purchase prices and wages; and firms continued to share these cost burdens with their clients. That said, the rate of both input cost and output price inflation declined. Finally, sentiment stayed positive despite the level of optimism eased.
2022-06-06