Unemployment in Hong Kong
Hong Kong - UnemploymentEconomic 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 - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Unemployment Chart
Hong Kong Facts
|Bond Yield||1.68||3.38 %||Apr 18|
|Exchange Rate||7.84||-0.11 %||Apr 22|
|Stock Market||29,963||-1.92 %||Apr 18|
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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.
April 1, 2019
Retail sales by volume fell 11.4% in annual terms in February, markedly contrasting January’s 6.9% growth.
March 21, 2019
Inflation fell from 2.4% in January to 2.1% in February.
March 5, 2019
Retail sales by volume rose 6.9% in annual terms in January, rebounding from December’s near flat growth of 0.1%.