Hong Kong manufacturing output tumbles in third quarter

Manufacturing production in Hong Kong tumbled 0.1% year-on-year in the third quarter of 2024 from a 0.7% gain in the previous period.

Hong Kong manufacturing output tumbles in third quarter

This marked the first fall in manufacturing activity since the fourth quarter of 2022, as output slipped for food, beverages and tobacco (-2.7% vs 0.6% in Q2). Moreover, output continued to fall for paper products, printing and reproduction of recorded media (-4.6% vs -2.1%). Meanwhile, output rebounded for both textiles and wearing apparel (5.8% vs -7.6%) and metal, computer, electronics and optical products, machinery and equipment (3.5% vs -3.5%).

Output edged up for miscellaneous manufacturing industries

Additionally, output edged up for miscellaneous manufacturing industries (2.4% vs 2.2%). On a seasonally adjusted quarterly basis, manufacturing production stalled in the third quarter of 2024, following a 0.5% fall in the previous period.