Hong Kong Business Confidence

Last Release

Jun 30, 2025

Actual

-9

Units In

Points

-10

Frequency

Quarterly

Next Release

Jul 18, 2025

Time to Release

2 Months 21 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
32 Sep 2006	-53 Mar 2009	3.82 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 edged up to -9 in the second quarter of 2025 from -10 in the previous three-month period. The proportion of respondents expecting business conditions to improve remained unchanged at 9%, while those anticipating worse conditions was 18% (vs 19%). Sentiment improved for manufacturing (-20 vs -22 in Q1), transportation, storage and courier services (-25 vs -27), real estate (-11 vs -15), and professional and business services (-6 vs -8). In addition, sentiment turned positive for retail (4 vs -31). Meanwhile, sentiment further deteriorated for construction (-16 vs -14), import/export trade and wholesale (-19 vs -15), accomodation and food services (-37 vs -36), and information and communications (-17 vs -11). Moreover, sentiment weakened for financing and insurane (8 vs 10).