, Hong Kong

Industrial production climbs 2.6% in Q1

This is an improvement compared to the 6.1% year-on-year decrease recorded in Q4 2020.

The industrial production for manufacturing industries as a whole increased 2.6% year-on-year in the first quarter of the year, following 6.1% YOY drop recorded in the fourth quarter of 2020.

The corresponding producer price index increased by 1.7% during the same quarter, against 2.9% recorded in the preceding quarter.

The index of industrial production for sewerage, waste management and remediation activities also increased 1.5%, compared to the 0.7% rise recorded in the fourth quarter of 2020. The corresponding price index, meanwhile, went up 1.2% over the same period.

Moreover, during the quarter, amongst the major manufacturing industries, increases in output volume were seen in the food, beverages and tobacco industry (+5.4%); whilst decreases in output volume were recorded in the textiles and wearing apparel industry (-2.8%); the paper products, printing and reproduction of recorded media industry (-2.7%); and the metal, computer, electronic and optical products, machinery and equipment industry (-1.3%).

In terms of producer prices, increases were registered in metal, computer, electronic and optical products, machinery and equipment industry (+2.8%); the paper products, printing and reproduction of recorded media industry (+1.0%); and the food, beverages and tobacco industry (+0.7%). In contrast, the textiles and wearing apparel industry decreased by 0.4%.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Delta Global partners with HK leaders on sustainable retail
Hong Kong consumers' environmental awareness has only increased by 25% over the past two years.   Luxury sustainable packaging expert Delta Global has partnered with Hong Kong's key sustainability leaders to form the Sustainable Retail Collective to help fashion retail brands improve their sustainability practices ahead of the Municipal Solid Waste (MSW) charging scheme.
Retail
HKIA alerts on fraudulent payment invoices
The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate." 
Insurance