Exports in Hong Kong

Hong Kong Exports (%) | Economic News & Forecasts

Hong Kong - Exports (percent change)

Political turbulence continued to ravage the economy in the third quarter, after Q2 growth slumped to the weakest pace since the global financial crisis in 2009. In August, annual retail sales plunged 25.3%, marking the steepest fall since current records began. In the same month, tourist arrivals, and particularly those from mainland-China, plummeted, boding poorly for retail sales and the external sector; in Q3, the manufacturing PMI averaged significantly lower than in Q2, due to subdued demand from China. Moreover, the Hang Seng property and construction composite index dipped in recent months and annual new mortgage loans declined in August, boding poorly for the all-important real estate sector. On 16 September, Moody’s consequently downgraded its outlook from stable to negative, days after Fitch axed the country’s default credit rating.

Hong Kong - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)3.6  3.2  -1.8  -0.6  7.6  

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Hong Kong Facts

ValueChangeDate
Bond Yield1.043.38 %Sep 04
Exchange Rate7.84-0.11 %Sep 04
Stock Market26,523-1.92 %Sep 04

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