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.