Current Account in Hong Kong
Hong Kong - Current AccountEconomic growth slumped to a near-decade low in Q1 2019, as private consumption stalled despite a healthy rebound in the stock and property markets, while the persistent drag from the U.S.-China trade war was likely partly responsible for contractions in fixed investment and goods exports. Turning to Q2, though little data is available yet the picture looks set to remain downbeat, despite a likely uptick in growth. The PMI notably remained mired in contraction in April, and the escalation of the trade war on 11 May—when the U.S. administration increased tariff rates on Chinese imports—is poised to further weigh on business confidence and investment unless a deal is reached swiftly. Moreover, weak April data in China suggests additional headwinds ahead. Although the next G20 summit on 28-29 June could provide an opportunity to defuse trade tensions, a trade deal now appears increasingly unlikely.
Hong Kong - Current Account Data
|Current Account (% of GDP)||1.5||1.4||3.3||4.0||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Current Account Chart
Source: Census and Statistics Department Hong Kong and Met the why particular calculations.
Hong Kong Facts
|Bond Yield||1.63||3.38 %||May 11|
|Exchange Rate||7.85||-0.11 %||May 13|
|Stock Market||28,550||-1.92 %||May 11|
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May 6, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose to 48.4 in April from 48.0 in March.
May 3, 2019
Retail sales by volume fell 0.8% year-on-year in March, up from the 1.9% decline registered in the Lunar New Year period of January-February.
Hong Kong: Growth falls to near one-decade low in Q1 on trade woes, investment freefall and flat private spending
May 2, 2019
The economy slowed for the fourth consecutive quarter in Q1 2019, starting the year with the worst performance since the end of the global financial crisis in Q3 2009.
April 23, 2019
Inflation was stable at February’s 2.1% in March.
April 3, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, declined from 48.4 in February to 48.0 in March.