Imports in Hong Kong

Hong Kong Imports (%) | Economic News & Forecasts

Hong Kong - Imports (percent change)

The economy likely contracted year-on-year in Q4 2019 at a slightly steeper pace. Private consumption will have languished in Q4 as retail sales contracted at a sharper pace in October–November than in Q3, while visitor arrivals were down nearly 50% in the same period and the unemployment rate ticked up in the full quarter. Moreover, business sentiment nosedived and the average manufacturing PMI reading worsened in Q4. On 20 January, Moody’s downgraded Hong Kong’s credit rating to Aa3 from Aa2, largely due to the government’s lack of effective response to the social unrest. A month prior, the IMF recommended Hong Kong continues with counter-cyclical fiscal support, noting prevalent domestic and external economic headwinds. That said, the Fund also highlighted that net capital outflows are so far limited.

Hong Kong - Imports (%) Data

2014   2015   2016   2017   2018  
Imports (annual variation in %)4.0  -4.1  -1.1  8.2  7.8  

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Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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