Hong Kong Manufacturing PMI

Last Release

Jul 31, 2024

Actual

49.5

Units In

Points

48.2

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
54.9 May 2022	33.1 Feb 2020	48.84 Points	2011-2024	Markit Economics

The Nikkei Hong Kong Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 300 companies. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The S&P Global Hong Kong SAR PMI rose to 52.2 in October 2024 from 50.0 in the prior month, marking the highest print since March 2023. New orders increased at the fastest pace in 1-1/2 years, attributed to stimulus policies in China and greater tourism interests. Foreign orders from the mainland and abroad returned to growth, and buying levels grew the most since early 2023. That said employment shrank for the sixth month, though at a rate that was the slowest in the sequence. Meantime, the level of unfinished work continued to fall. Simultaneously, lead times deteriorated for the third month, due to supply shortages and shipping delays. On prices, input cost inflation hit its highest since February, slightly above the series average, owing to higher transport costs, and rising cost wages. However, firms raised selling prices at a slower rate. Finally, sentiment remained pessimistic, but the level of pessimism eased to a near one-year low as concerns over the economic outlook receded.