Hong Kong Economy & Hong Kong Markets Data analytics
MacroVar monitors real-time economic, financial and geopolitical developments for the Hong Kong economy and Hong Kong markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.
Hong Kong Overview
Hong Kong Overview presents the current trends and dynamics of the major Hong Kong financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.
| Price | 1D% | M | T | B | Details | |||||||||
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| Hang Seng | 19656 | -0.71 | -0 | 20.25 | |
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| Hong Kong 2-year bond yield | 3.24 | 0 | -0.02 | -5.57 | |
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| Hong Kong 10-Year Bond Yield | 3.44 | 0 | 0.02 | 5.16 | |
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| Hong Kong Dollar US Dollar (HKD/USD) | 7.77 | -0.05 | -0 | -0.55 | |
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| Manufacturing PMI | 50 | 1 | 1 | 1 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| Hang Seng | 19656 | -0.71 | -0 | 20.25 | |
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| Hong Kong ETF | 17.08 | -1.44 | -0.01 | -0.23 | |
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| Hong Kong 2-year bond yield | 3.24 | 0 | -0.02 | -5.57 | |
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| Hong Kong 10-Year Bond Yield | 3.44 | 0 | 0.02 | 5.16 | |
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| Hong Kong Yield Curve | 0.21 | 0 | 2.03 | -234.64 | |
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| Hong Kong Dollar US Dollar (HKD/USD) | 7.77 | -0.05 | -0 | -0.55 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| Manufacturing PMI | 50 | 1 | 1 | 1 | |
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| GDP Growth (annual) | 1.8 | -45 | -45 | -67 | |
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| Inflation CPI | 1.4 | -36 | -36 | -48 | |
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| Unemployment rate | 3.1 | 3 | 3 | 7 | |
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| Price | 1D% | M | T | B | Details | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hang Seng | 19656 | -0.71 | -0 | 20.25 | |
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| Hong Kong 2-year bond yield | 3.24 | 0 | -0.02 | -5.57 | |
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| Hong Kong 10-Year Bond Yield | 3.44 | 0 | 0.02 | 5.16 | |
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| Hong Kong Dollar US Dollar (HKD/USD) | 7.77 | -0.05 | -0 | -0.55 | |
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| Hong Kong Credit Default Swaps | 793.31 | 0 | 613.9 | 28.76 | |
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Hong Kong Economic Overview
Hong Kong economic overview presents a snapshot of Hong Kong current economic conditions. You can find details for the Hong Kong economy subsections by exploring the sections below.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Manufacturing PMI | hk.manpmi | 50.0 | 49.4 | 1 | 1 | UP | UP |
Hong Kong Manufacturing
MacroVar tracks hundreds of indicators related to Hong Kong manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the Hong Kong economy.
| 1Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Manufacturing PMI | hk.manpmi | 50.0 | 49.4 | 1 | 1 | UP | UP |
| industrial production | hk.indproduction | -0.1 | 0.7 | -114 | -101 | Down | Down |
Hong Kong consumer sentiment
Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to Hong Kong employment and Hong Kong consumer activity (building permits).
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| consumer confidence | hk.consconfidence | 70.6 | 61.9s | 14 | -29 | Down | Down |
| unemployment rate | hk.unemploymentrate | 3.1 | 3s | 3 | 7 | UP | UP |
| retail sales | hk.retailsalesan | -4.9 | -8.7s | -44 | -269 | UP | Down |
| retail sales MoM | hk.retailsales | 10.9 | 1.4s | 679 | 70 | UP | UP |
| car registrations | hk.carregistrations | 3829.0 | 2940s | 30 | 3 | Down | UP |
Hong Kong Construction
The Hong Kong construction sector is a significant component of the Hong Kong economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
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Hong Kong Macroeconomic outlook
Hong Kong Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Hong Kong economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Hong Kong macroeconomic model in detail.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| gdp | hk.gdp | 382.05 | 358.7 | 7 | 54 | UP | UP |
| Real GDP | hk.realgdp | 747941.0 | 715986 | 4 | 4 | UP | UP |
| gdp growth annual | hk.gdpgrowthan | 1.8 | 3.3 | -45 | -67 | UP | Down |
| gdp growth | hk.gdpgrowth | -1.1 | 0.3 | -467 | -257 | Down | Down |
| inflation cpi | hk.inflationcpi | 1.4 | 1.4 | 0 | -46 | Down | Down |
| interest rate | hk.interestrate | 5.0 | 5.25 | -5 | -13 | Down | Down |
| unemployment rate | hk.unemploymentrate | 3.1 | 3 | 3 | 7 | UP | UP |
| external debt | hk.externaldebt | 14727810.0 | 14409500 | 2 | 3 | UP | UP |
| government debt to gdp | hk.govdebtgdp | 38.4 | 37 | 4 | 26 | UP | UP |
| current account | hk.currentaccount | 120816.0 | 100321 | 20 | 26 | UP | UP |
| current account to gdp | hk.currentaccountgdp | 7.1 | 10.6 | -33 | 27 | UP | UP |
| exports | hk.exports | 384490.0 | 284052 | 35 | 5 | UP | UP |
| imports | hk.imports | 424015.0 | 451342 | -6 | 5 | UP | UP |
| foreign exchange reserves | hk.fxreserves | 425100.0 | 421300 | 1 | 0 | UP | UP |
| gold reserves | hk.goldres | 2.08 | 2.08 | 0 | 0 | Down | Down |
| government revenues | hk.govrev | 65528.0 | 160662 | -59 | -3 | Down | Down |
| fiscal expenditure | hk.fiscalexp | 147820.0 | 142836 | 3 | -3 | Down | Down |
Hong Kong Inflation
MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend |
|---|---|---|---|---|---|---|
| inflation cpi | hk.inflationcpi | 1.4 | 1.4 | 0 | -46 | |
| Produce Prices YoY | hk.producerpricesch | 3.2 | 3.1 | 3 | -456 | |
Hong Kong Employment
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of Hong Kong employment. Hong Kong employment is one of the major factors affecting Hong Kong monetary policy.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| unemployment rate | hk.unemploymentrate | 3.1 | 3 | 3 | 7 | UP | UP |
Hong Kong Monetary Policy
Hong Kong Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| interest rate | hk.interestrate | 5.0 | 5.25 | -5 | -13 | Down | Down |
| banks balance sheet | hk.banks.bs | 27814826.0 | 28498800 | -2 | 1 | UP | UP |
| money supply m1 | hk.msm1 | 2808256.0 | 2824710 | -1 | 10 | UP | UP |
| money supply m2 | hk.msm2 | 18240045.0 | 18209700 | 0 | 9 | UP | UP |
| government debt to gdp | hk.govdebtgdp | 38.4 | 37 | 4 | 26 | UP | UP |
| loans to private sector | hk.loanprivate | 9867804.0 | 9974620 | -1 | -4 | Down | Down |
| Hong Kong Credit Rating (S&P) | RATING.S&P.HK | ||||||
| Hong Kong Credit Rating (Moody's) | RATING.MOODYS.HK | ||||||
| Hong Kong Credit Rating (Fitch) | RATING.FITCH.HK |
Hong Kong Fiscal Policy
Hong Kong Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| government revenues | hk.govrev | 65528.0 | 160662 | -59 | -3 | Down | Down |
| fiscal expenditure | hk.fiscalexp | 147820.0 | 142836 | 3 | -3 | Down | Down |
| government budget | hk.govbudget | -5.0 | -3.6 | 39 | -222 | Down | Down |
| Government budget | hk.govbudgetvalue | -82292.0 | 17826 | -562 | -4 | Down | UP |
| government debt to gdp | hk.govdebtgdp | 38.4 | 37 | 4 | 26 | UP | UP |
Hong Kong Trade
Hong Kong trade activity is monitored by tracking Trade and Capital flows.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| current account | hk.currentaccount | 120816.0 | 100321 | 20 | 26 | UP | UP |
| current account to gdp | hk.currentaccountgdp | 7.1 | 10.6 | -33 | 27 | UP | UP |
| balance of trade | hk.balanceoftrade | -31006.0 | -53204 | -42 | 20 | UP | Down |
| imports | hk.imports | 424015.0 | 451342 | -6 | 5 | UP | UP |
| exports | hk.exports | 384490.0 | 284052 | 35 | 5 | UP | UP |
| capital flows | hk.capitalflows | 133050.0 | 135212 | -2 | -236 | UP | UP |
| foreign direct investment | hk.fdi | 17553.82 | 17051.3 | 3 | 42 | UP | UP |
| external debt | hk.externaldebt | 14727810.0 | 14409500 | 2 | 3 | UP | UP |
| foreign exchange reserves | hk.fxreserves | 425100.0 | 421300 | 1 | 0 | UP | UP |
| gold reserves | hk.goldres | 2.08 | 2.08 | 0 | 0 | Down | Down |