Population in Hong Kong
Hong Kong - PopulationThe economy contracted sharply in the third quarter, as widespread protests crippled activity. Private consumption and fixed investment nosedived, tourist arrivals plummeted, while exports were also down markedly as U.S.-China trade tensions rumbled on. Stronger government consumption, likely in part due to stimulus measures, provided cold comfort. Turning to the fourth quarter, early signs make for grim reading: The private-sector PMI fell to an over one-decade low in October amid less new business, while social unrest persists, which will continue to hit consumption, investment and tourism. In mid-October, the government announced fresh stimulus worth around USD 255 million to aid the retail, tourism and transportation sectors. However, the impact of the measures will likely be muted in the absence of a lasting solution to the prolonged political crisis.
Hong Kong - Population Data
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Facts
|Bond Yield||1.04||3.38 %||Sep 04|
|Exchange Rate||7.84||-0.11 %||Sep 04|
|Stock Market||26,523||-1.92 %||Sep 04|
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November 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI), dropped to 39.3 in October from 41.5 in September—the lowest reading since November 2008. October’s deterioration was mainly the result of new orders falling at the steepest pace since January 2009, led by a record decrease in new orders from mainland China.
October 31, 2019
The preliminary GDP reading showed the economy contracted at the sharpest pace since June 2009 in the third quarter, as Hong Kong faced the double whammy of mass protests battering domestic demand and the U.S.-China trade war hampering the external sector.
October 22, 2019
Inflation ticked down to 3.2% in September from 3.5% in August.
October 4, 2019
The IHS Markit Purchasing Managers’ Index (PMI), ticked up from 40.8 in August to 41.5 in September; however, the index remained mired in a sharp downturn as the average PMI for the third quarter was lowest since the height of the global financial crisis approximately a decade ago. September’s uptick was mainly the result of softer, albeit still significant, declines in new orders and output—the second-steepest deteriorations since early 2009.
October 2, 2019
Retail sales volume plunged 25.3% year-on-year in August, a significant deterioration from July’s revised 13.1% contraction (previously reported: -13.0% year-on-year).