International Reserves in Hong Kong
Hong Kong - International ReservesEconomic momentum still appears feeble in the second quarter, after growth hit a near-decade low in Q1 on the back of stalled private spending, poor external demand dynamics and a further contraction of investment. The PMI sank to a near three-year low in May; in the same month, U.S. President Trump announced an increase in tariffs on Chinese imports, signaling a breakdown in bilateral trade talks. Meanwhile, retail sales continued to contract in April, boding poorly for consumption. On the political front, a bill opening up extradition of Hong Kong residents to mainland China sparked the largest protests since the territory’s independence, as businesses and citizens alike feared it would undermine Hong Kong’s judicial independence and hand leverage to Beijing. Protesters now continue to demand Chief Executive Carrie Lam’s resignation despite the bill having been shelved.
Hong Kong - International Reserves Data
|International Reserves (USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong International Reserves Chart
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
|Bond Yield||1.63||3.38 %||Jul 11|
|Exchange Rate||7.82||-0.11 %||Jul 11|
|Stock Market||28,432||-1.92 %||Jul 11|
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July 4, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 46.9 in May, the lowest reading since June 2016, to 47.9 in June.
July 2, 2019
Retail sales by volume fell 1.7% year-on-year in May, which was however an improvement from the 5.0% contraction logged in April.
June 21, 2019
Inflation declined slightly to 2.8% in May, from 2.9% in April.
June 5, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, fell from 48.4 in April to 46.9 in May, the lowest reading since June 2016.
May 31, 2019
Retail sales by volume fell 5.0% year-on-year in April, worsening from the 0.8% contraction logged in March.