International Reserves in Hong Kong
Hong Kong - International ReservesAfter shrinking at the sharpest pace since 2020 in Q1 2022 due to soaring Covid-19 cases and tough ensuing restrictions, the economy is enjoying a strong rebound in Q2. Covid-19 cases have tumbled since their March peak, allowing for the progressive rollback of restrictions, and the distribution of HKD 5,000 (around USD 635) consumption vouchers to citizens in April is further aiding private spending. Looking at available indicators, retail sales surged year on year in April, while the private-sector PMI rose to an over decade-high in May. However, ongoing quarantine requirements continue to hamper tourism and the city’s international competitiveness. Moreover, in mid-June, testing requirements were reintroduced for entry to bars and clubs in response to a slight uptick in cases, raising the specter of a broader snapback of restrictions ahead.
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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July 6, 2022
The S&P Global Purchasing Managers’ Index (PMI) fell to 52.4 in June from May's 54.9.
June 30, 2022
Retail sales dropped 4.9% year on year in May in volume terms (April: +8.0% yoy).
June 21, 2022
Consumer prices rose a seasonally-adjusted 0.10% in May over the previous month, mirroring April's reading.
June 6, 2022
The IHS Markit Purchasing Managers’ Index (PMI) came in at 54.9 in May, up from April's 51.7.
June 1, 2022
Retail sales expanded 8.1% year-on-year in volume terms in April (March: -16.8% yoy).