Industrial production · Hong Kong
Hong Kong Industrial Production YoY
The Hong Kong Industrial Production YoY measures the output of factories, mines and utilities in Hong Kong (or of one industry).
- Importance
- Low
- Released
- Quarterly
- Next release
- Currency
- HKD · Hong Kong dollar
- Central bank
- The Hong Kong Monetary Authority
Latest figures
The latest release for Q2, published on 14 September 2026, came in at 2.3%, down from 3.1% the time before (revised).
Over the last 7 releases it ranged from 0.7% to 5.7%, averaging 2.7%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 14 Sep 2026 | Q2 | 2.3% | – | 3.1% ® |
| 12 Jun 2026 | Q1 | 3.1% | – | 5.8% ® |
| 13 Mar 2026 | Q4 | 5.7% | – | 5.3% ® |
| 15 Dec 2025 | Q3 | 5.4% | – | 0.9% |
| 15 Sep 2025 | Q2 | 0.9% | – | 0.7% |
| 12 Jun 2025 | Q1 | 0.7% | – | 1.0% |
| 13 Mar 2025 | Q4 | 1.0% | – | -0.1% |
Why it matters
Industry is a smaller share of output than services in most rich economies but it is far more cyclical and reacts first to global demand. Strong production supports growth estimates; capacity utilisation near its limits points to inflation pressure.
How it is calculated
the Census and Statistics Department combines physical output and deflated sales data for many industries into a volume index, adjusted for working days and seasons. Capacity utilisation divides output by estimated maximum output.
Change (mom) = index ÷ last month's index − 1
Capacity utilisation = output ÷ capacity × 100What changes mean
- Monthly changes are noisy (weather, holidays, strikes); compare with the year-on-year rate.
- In Germany, Japan, Korea and China industry carries more weight for the currency.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Hong Kong dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Hong Kong dollar tends to soften and markets price in lower rates.
A short history
The US Federal Reserve has published its industrial production index since 1919; it is one of the series used to date US business cycles.
The Hong Kong dollar is pegged to the US dollar, so the base rate follows the Fed.
Questions
What is the Hong Kong Industrial Production YoY?
The Hong Kong Industrial Production YoY measures the output of factories, mines and utilities in Hong Kong (or of one industry).
What was the latest Hong Kong Industrial Production YoY?
2.3% for Q2, published on 14 September 2026.
When is the next Hong Kong Industrial Production YoY?
On Monday 14 December 2026 at 08:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.