The IHS Markit Hong Kong PMI fell to a six-month low of 50.8 in October 2021 from 51.7 in September. Still, this marked the ninth straight month of growth in private sector activity as COVID-19 conditions were under control, with output, new orders, and buying activity all growing at softer paces. In addition, external demand from both mainland China and more abroad continued to decline and employment levels shrank once again. Backlogged work continued to increase, amid rising new orders and production issues such as power shortages. Supply constraints, meanwhile, persisted with suppliers’ delivery times lengthening at a more severe rate, reflecting shipping delays. On prices, input cost inflation eased from the recent peak in September, which was the fastest in close to a decade, while output charges went up further. Finally, sentiment improved on hopes that economic conditions will continue to recover. source: Markit Economics

Manufacturing PMI in Hong Kong averaged 48.48 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 November 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. 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.

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Hong Kong Private Sector PMI


Related Last Previous Unit Reference
Manufacturing PMI 50.80 51.70 points Oct/21

News Stream
Hong Kong Private Sector PMI Down to 6-Month Low
The IHS Markit Hong Kong PMI fell to a six-month low of 50.8 in October 2021 from 51.7 in September. Still, this marked the ninth straight month of growth in private sector activity as COVID-19 conditions were under control, with output, new orders, and buying activity all growing at softer paces. In addition, external demand from both mainland China and more abroad continued to decline and employment levels shrank once again. Backlogged work continued to increase, amid rising new orders and production issues such as power shortages. Supply constraints, meanwhile, persisted with suppliers’ delivery times lengthening at a more severe rate, reflecting shipping delays. On prices, input cost inflation eased from the recent peak in September, which was the fastest in close to a decade, while output charges went up further. Finally, sentiment improved on hopes that economic conditions will continue to recover.
2021-11-03
Hong Kong Private Sector Grows for 8th Month
The IHS Markit Hong Kong PMI fell to a three-month low of 51.7 in September 2021 from 53.3 in August. Still, this marked the eighth straight month of growth in private sector activity on the back of stable COVID-19 conditions, with both output and new orders continuing to grow. Staffing levels, meantime, remained almost unchanged, while outstanding work accumulated once again. Foreign demand, including from China remained weak, declining for a fourth consecutive month and at rates faster than August. At the same time, buying levels rose the most since November 2017, leading stock or purchases rising g at a strong rate. Suppliers’ delivery times continued to lengthen and for a fifth straight month. On the cost side, overall input price inflation continued to exceed that of output charges, indicating pressure on the margins. Lastly, sentiment eased sharply.
2021-10-06
Hong Kong Private Sector PMI Highest in 7-1/2 Years
The IHS Markit Hong Kong PMI rose to 53.3 in August 2021 from 51.3 in July. This was the seventh straight month of growth in factory activity and the steepest pace since February 2014, amid stabilization of COVID-19 conditions. Output and new orders both gained for the fifth straight month and at rates which were each multi-year highs. Purchases also grew, contributing d to an increase in the stocks of inputs for the first time in three months. Concurrently, backlogged work picked up for the fifth straight month and at the fastest pace since May. Meantime, employment was steady after three straight months of falls while new work from China fell for the third month in a row. Suppliers’ delivery times continued to lengthen and at the sharpest rate in two months. Input prices, meanwhile, sustained their increases at elevated levels, underpinned by both input price and wage inflation. Output charges rose for the fourth month running and at the fastest rate since August 2011.
2021-09-03

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.