Hong Kong Business Confidence

Last Release

Dec 31, 2025

Actual

-2

Units In

Points

-8

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
32 Sep 2006	-53 Mar 2009	3.6 Points	2006-2025	N/A

In Hong Kong, the Quarterly Business Tendency Survey measures the expectations of entrepreneurs regarding changes in business situation in the current quarter compared to the previous quarter. The survey covers a sample of 560 senior managers from the main sectors of the economy: manufacturing; construction; wholesale and retail trade; accommodation and food services; transportation, storage and courier services; information and communications; financing and insurance; real estate; and professional and business services sectors. The survey result is presented as a net balance: the difference between the percentage of respondents choosing “a better outlook” and that choosing "a worse outlook". A positive sign indicates a likely upward trend while a negative sign, a likely downward trend.

Latest Updates

Business confidence in Hong Kong rose to -2 in the fourth quarter of 2025 from -8 in the previous quarter. The share of respondents expecting business conditions to improve rose to 13% in Q4 2025 (vs 10% in Q3), while those anticipating worse conditions declined to 15% (vs 18% in Q3). Confidence strengthened in financing and insurance (13 vs 11), real estate (7 vs 3), and turned positive in accommodation and food services (10 vs -16) and retail (14 vs -14). Sentiment also improved though remained negative in import/export trade and wholesale (-11 vs -18), transportation, storage and courier services (-11 vs -31), and professional and business services (-9 vs -14). In contrast, sentiment weakened further in manufacturing (-15 vs -2), information and communications (-16 vs -9), and construction (-24 vs -22), reflecting continued sector-specific challenges.