The IHS Markit Hong Kong PMI dropped to 40.8 in August 2019 from 43.8 in the previous month, signalling the steepest deterioration in the health of the private sector since February 2009 amid ongoing US-China trade dispute and large-scale political demonstrations. New orders declined at the sharpest pace in over a decade, dragged by a record fall in new business from mainland China. Also, business activity contracted the most since the end of 2008, while buying levels plunged the most since July 1998, leading to a record depletion in input inventories. Meantime, longer delivery times were seen for the first time in six months, as delays were reportedly linked to increased security checks and protest-related disruptions. On the price front, cost burdens fell for a second straight month, providing room for firms to reduce their selling prices at the sharpest rate since the start of 2016. Looking ahead, business sentiment weakened to its lowest since April 2012. Manufacturing PMI in Hong Kong is reported by Markit Economics.

Manufacturing PMI in Hong Kong is expected to be 45.20 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 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 -8.00 -1.00 32.00 -53.00 Index Points [+]
Manufacturing PMI 40.80 43.80 53.30 40.80 [+]
Industrial Production 0.30 1.40 7.10 -12.50 percent [+]
Changes in Inventories -3713.00 -7280.00 37052.00 -17455.00 HKD Million [+]
Bankruptcies 6159.00 14030.00 20646.00 409.00 Companies [+]
Car Registrations 3392.00 3568.00 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 76.00 77.00 84.00 70.10 Points [+]
Corruption Rank 14.00 13.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
40.80 43.80 53.30 40.80 2011 - 2019 Monthly

Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19