Money in Hong Kong

Hong Kong - Money
After 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 - Money Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Money (annual variation in %) | 5.5 | 7.7 | 10.0 | 4.3 | 2.8 |
Hong Kong Money Chart

Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.82 | 3.38 % | Dec 31 |
Exchange Rate | 7.79 | -0.11 % | Jan 01 |
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Economic News
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Hong Kong: PMI moderates in June
July 6, 2022
The S&P Global Purchasing Managers’ Index (PMI) fell to 52.4 in June from May's 54.9.
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Hong Kong: Retail sales dip in May
June 30, 2022
Retail sales dropped 4.9% year on year in May in volume terms (April: +8.0% yoy).
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Hong Kong: Inflation is stable in May at muted rate
June 21, 2022
Consumer prices rose a seasonally-adjusted 0.10% in May over the previous month, mirroring April's reading.
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Hong Kong: PMI rises to over-decade high in May
June 6, 2022
The IHS Markit Purchasing Managers’ Index (PMI) came in at 54.9 in May, up from April's 51.7.
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Hong Kong: Retail sales rise at quickest pace in six months in April
June 1, 2022
Retail sales expanded 8.1% year-on-year in volume terms in April (March: -16.8% yoy).