Exchange Rate in Hong Kong
Hong Kong - Exchange RateEconomic growth fell to a two-year low in the third quarter on the back of slowing private and public spending, though investment growth picked up thanks to a low base effect. Consumption was weighed on by losses in equity and property markets in the quarter, which suffered notably from higher interest rates and a loss of confidence mainly related to trade tensions affecting the mainland. The waning momentum furthermore appears to have continued in Q4. The PMI dropped further into negative territory in November on weak Chinese demand, and business confidence for Q4 also slipped. Meanwhile, though the Hang Seng Property Index pared back some of its losses in recent weeks, the broader equity index largely continued on its downward trend. Additionally, although retail sales growth picked up in October from September’s two-year low, it was still much lower than the readings seen earlier this year. Both these factors suggest private consumption is again losing steam in Q4, while the souring trade environment is likely to dampen external demand
Hong Kong - Exchange Rate Data
|Exchange Rate (vs USD)||7.75||7.75||7.75||7.75||7.81|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Exchange Rate Chart
Source: Thomson Reuters.
Hong Kong Facts
|Bond Yield||1.96||3.38 %||Jan 14|
|Exchange Rate||7.84||-0.11 %||Jan 14|
|Stock Market||26,298||-1.92 %||Jan 14|
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January 4, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 47.1 in November to 48.0 in December.
January 3, 2019
Retail sales by volume rose 1.2% in annual terms in November, sharply decelerating from the 5.3% revised growth print logged in October (previously reported: +5.2% year-on-year).
December 20, 2018
Inflation ticked down marginally from 2.7% in October to 2.6% in November.
December 5, 2018
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), which is released by IHS Markit, fell from 48.6 in October to 47.1 in November, marking the lowest print since June 2016.
November 30, 2018
Retail sales by volume expanded 5.2% in annual terms in October, picking up markedly from the feeble 1.4% increase recorded in September.