Hong Kong: Manufacturing industrial production index rises 2.3% year-on-year in Q2 2026; producer price index up 13.1% year-on-year.

According to the provisional results of a statistical survey released today (September 14) by the Hong Kong Census and Statistics Department, the index of industrial production for the overall manufacturing sector in Hong Kong rose by 2.3% year-on-year in the second quarter of 2026, following a 3.1% year-on-year increase in the first quarter of 2026. The corresponding producer price index rose by 13.1% year-on-year in the second quarter of 2026, following a 17.7% year-on-year increase in the first quarter of 2026. The index of industrial production for sewerage, waste management and remediation activities rose by 1.0% year-on-year in the second quarter of 2026, compared with a 1.4% year-on-year decrease in the first quarter of 2026. The corresponding producer price index rose by 2.2% year-on-year in the second quarter of 2026, following a 3.9% year-on-year increase in the first quarter of 2026. The index of industrial production reflects changes in the volume of local industrial production, i.e. it has been adjusted to remove the effect of price changes. Such price changes are measured by the producer price index, which is compiled based on producer price data for selected industrial products/services collected in the same statistical survey. Among the major manufacturing industries, those that recorded year-on-year increases in production volume in the second quarter of 2026 were mainly the metal, computer, electronic and optical products, and machinery and equipment industry (+3.8%), and the paper products, printing and reproduction of recorded media industry (+2.8%). On the other hand, industries that recorded decreases were the food, beverages and tobacco products industry (-4.0%), and the textiles and wearing apparel industry (-1.5%). On a seasonally adjusted basis, the index of industrial production for the overall manufacturing sector rose by 0.2% in the second quarter of 2026 compared with the first quarter of 2026. The producer price index reflects changes in local producer prices. They measure changes in the actual prices received by producers for their output (i.e. after deducting any discounts or rebates to buyers and adding any surcharges), but excluding transport costs and other miscellaneous charges. Among the industries that recorded year-on-year increases in producer prices in the second quarter of 2026 were mainly the metal, computer, electronic and optical products, and machinery and equipment industry (+24.6%), and the food, beverages and tobacco products industry (+0.7%). On the other hand, industries that recorded decreases were the textiles and wearing apparel industry (-0.8%), and the paper products, printing and reproduction of recorded media industry (-0.4%).