Unemployment in Hong Kong
Hong Kong - UnemploymentEconomic 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 - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Unemployment Chart
Hong Kong Facts
|Bond Yield||1.67||3.38 %||Jun 13|
|Exchange Rate||7.83||-0.11 %||Jun 13|
|Stock Market||27,295||-1.92 %||Jun 13|
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June 5, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, fell from 48.4 in April to 46.9 in May, the lowest reading since June 2016.
May 31, 2019
Retail sales by volume fell 5.0% year-on-year in April, worsening from the 0.8% contraction logged in March.
May 24, 2019
Inflation rose to 2.9% in April, from 2.1% in March.
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.