International Reserves in Hong Kong
Hong Kong - International ReservesThe economy performed better than expected in Q3, as the annual contraction softened to a year-to-date low, while activity rebounded strongly on a quarter-on-quarter basis. The improvement was chiefly driven by healthier domestic demand. Despite contracting again, private consumption and investment activity showed signs of recovery in Q3 amid the gradual easing of social distancing measures in September and as fiscal stimulus measures fully kicked in. Similarly, exports fell at a softer pace in Q3, hinting at recovering foreign demand. Turning to Q4, the PMI jumped in October, pointing to a continued improvement in private sector conditions. In other news, a resolution to dismiss politicians deemed a threat to national security passed by Beijing on 11 November prompted the mass resignation of all remaining pro-democracy lawmakers in Hong Kong, further ratcheting up tensions over the future of the territory and boding ill for business environment in turn.
Hong Kong - International Reserves Data
|International Reserves (USD)||359||386||431||425||441|
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||1.82||3.38 %||Dec 31|
|Exchange Rate||7.79||-0.11 %||Jan 01|
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January 4, 2021
Retail sales slid 4.7% compared to the same month a year earlier in November, which was markedly softer than October's 9.3% decrease.
January 4, 2021
The IHS Markit Hong Kong SAR Purchasing Managers’ Index (PMI) dived to 43.5 in December, from 50.1 in November, marking the worst result since April 2020.
December 3, 2020
The IHS Markit Hong Kong SAR Purchasing Managers’ Index (PMI) edged up to 50.1 in November, from 49.8 in October, marking the best result since March 2018.
December 1, 2020
Retail sales decreased 9.3% year-on-year in October, moderating from September’s 13.3% decline.
November 20, 2020
Consumer prices increased a seasonally-adjusted 0.20% over the previous month in November, slowing down from October's 0.90% rise.