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. source: Markit Economics
Manufacturing PMI in Hong Kong averaged 48.52 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 July 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.