Exports in Hong Kong
Hong Kong - Exports (percent change)Economic momentum likely ticked up in Q1 2019 but remained feeble, after growth fell to a nearly three-year low in the previous quarter. The main positive development came from a rebound in the stock and property markets, which should support private spending. Nonetheless, the private-sector PMI remained mired in contractionary territory throughout the quarter, though its average reading slightly improved compared to Q4. Meanwhile, retail sales contracted over January-February, due largely to a slowdown in mainland tourist arrivals combined with lower spending per visitor. Finally, the labor market in February shed jobs for the first time since 2011, in a sign that private consumption could face pressures going forward. Looking at Q2, external factors should still drag on growth, but the picture is set to improve thanks to Chinese fiscal stimulus, a likely growth rebound in other advanced economies and a more dovish Fed.
Hong Kong - Exports (%) Data
|Exports (annual variation in %)||3.6||3.2||-1.8||-0.6||7.6|
5 years of economic forecasts for more than 30 economic indicators.
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.