Exports in Hong Kong
Hong Kong - Exports
The economy contracted sharply in the third quarter, as widespread protests crippled activity. Private consumption and fixed investment nosedived, tourist arrivals plummeted, while exports were also down markedly as U.S.-China trade tensions rumbled on. Stronger government consumption, likely in part due to stimulus measures, provided cold comfort. Turning to the fourth quarter, early signs make for grim reading: The private-sector PMI fell to an over one-decade low in October amid less new business, while social unrest persists, which will continue to hit consumption, investment and tourism. In mid-October, the government announced fresh stimulus worth around USD 255 million to aid the retail, tourism and transportation sectors. However, the impact of the measures will likely be muted in the absence of a lasting solution to the prolonged political crisis.Hong Kong - Exports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 459 | 474 | 465 | 462 | 498 |
Hong Kong Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.54 | 3.38 % | Nov 21 |
| Exchange Rate | 7.82 | -0.11 % | Nov 21 |
| Stock Market | 26,467 | -1.92 % | Nov 21 |
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Economic News
Hong Kong: Second release confirms GDP contracted at sharpest rate in a decade in Q3
December 5, 2019
The revised GDP reading confirmed the economy contracted at the sharpest pace since June 2009 in the third quarter, as Hong Kong faced the double whammy of mass protests battering domestic demand and the U.S.-China trade war hampering the external sector.
Hong Kong: PMI sinks to over 15-year low in November as business activity deteriorates at unprecedented rate
December 4, 2019
The IHS Markit Purchasing Managers’ Index (PMI) slipped to 38.5 in November (October: 39.3), marking the worst reading since April 2003.
Hong Kong: Retail sales fall to fresh all-time low in October
December 2, 2019
Retail sales by volume plummeted 26.2% year-on-year in October, even more sharply than September’s revised 20.3% freefall (previously reported: -20.4% year-on-year).
Hong Kong: PMI dips hits a near 12-year low in October, as business activity nose dives
November 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI), dropped to 39.3 in October from 41.5 in September—the lowest reading since November 2008. October’s deterioration was mainly the result of new orders falling at the steepest pace since January 2009, led by a record decrease in new orders from mainland China.
Hong Kong: Economy falls into technical recession as GDP slumps to one-decade low in Q3
October 31, 2019
The preliminary GDP reading showed the economy contracted at the sharpest pace since June 2009 in the third quarter, as Hong Kong faced the double whammy of mass protests battering domestic demand and the U.S.-China trade war hampering the external sector.
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