Hong-Kong - Liike-Luottamus

Business confidence in Hong Kong fell to -25 in the fourth quarter of 2019 from -8 in the previous period. It was the lowest business confidence since the second quarter of 2009, as expectations for the business situation deteriorated in manufacturing (-24 from -8 in Q3); construction (-45 from -7); import/export trade and wholesale (-23 from -8); retail (-61 from -24); accommodation and food services (-44 from -17); transportation, storage and courier services (-26 from -9); financing & insurance (-21 from -6); real estate (-12 from -10) and professional & business services (-25 from -3). Meanwhile, expectations improved in information & communication (6 from 10).

Business confidence in Hong Kong fell to -8 in the third quarter of 2019 from -1 in the previous period. By sector, expectations for the business situation deteriorated in financing & insurance (-6 from 9 in Q2); real estate (-10 from 6); transportation, storage and courier services (-9 from -1); manufacturing (-8 from -1); accommodation and food services (-17 from -9) and retail (-24 from -8). Meantime, expectations improved in information & communication (10 from 13); construction (-7 from -22); and professional & business services (-3 from -4) while remained steady in import/export trade and wholesale (-8, the same as in Q2).

Business confidence in Hong Kong increased sharply to -1 in the second quarter of 2019 from -12 in the previous period. Expectations rose for information & communication (13 from -3 in Q1); financing & insurance (9 from -8); real estate (6 from -5); transportation, storage and courier services (-1 from -13); manufacturing (-1 from -3); construction (-22 from -23); import/export trade and wholesale (-8 from -23) and professional & business services (-4 from -7). In contrast, prospects deteriorated for accommodation and food services (-9 from -5) and retail (-8 from -6).