Hong Kong: The manufacturing industry production index rose 2.3% year on year in the second quarter of 2026, the producer price index rose 13.1% year on year

The Zhitong Finance App learned that according to the provisional results of a statistical survey published by the Statistics Department of the Hong Kong Government today (September 14), the industrial production index of Hong Kong's overall manufacturing industry rose 2.3% in the second quarter of 2026, after recording a 3.1% year-on-year increase in the first quarter of 2026. Following a 17.7% year-on-year increase in the first quarter of 2026, the corresponding producer price index rose 13.1% in the second quarter of 2026 compared to the same quarter of the previous year.

The industrial production index for sewage treatment, waste management and pollution prevention activities in the second quarter of 2026 increased 1.0% compared to the same quarter of the previous year, while the first quarter of 2026 recorded a 1.4% year-on-year decline. Following a 3.9% year-on-year increase in the first quarter of 2026, the corresponding producer price index rose 2.2% in the second quarter of 2026 compared to the same quarter of the previous year.

The industrial production index reflects changes in local industrial production, that is, the effects of price changes have been omitted. These price changes are quantified by the producer price index, which is compiled on the basis of producer price data for selected industrial products/services collected in the same statistical survey.

As far as major manufacturing industries are concerned, the main industries that recorded an increase in production volume in the second quarter of 2026 compared to the same quarter of the previous year were metals, computers, electronic and optical products, machinery and equipment industries (+3.8%), as well as paper products, printing and media reproduction of recorded data (+2.8%). On the other hand, the industries that recorded declines were the food, beverage and tobacco products industry (-4.0%), and the textile products and clothing industry (-1.5%).

Based on seasonally adjusted figures, the overall manufacturing industrial production index for the second quarter of 2026 increased by 0.2% compared to the first quarter of 2026.

Producer price indices reflect changes in local production prices. They measure changes in the actual price charged by producers for their output (that is, after deducting any discounts or rebates returned to the buyer, plus any additional costs), but does not include transportation costs and other incidental charges.

The main industries that recorded increases in producer prices in the second quarter of 2026 compared to the same quarter of the previous year were metals, computers, electronic and optical products, machinery and equipment (+24.6%), and the food, beverage and tobacco products industry (+0.7%). On the other hand, industries that recorded declines were textile products and garments (-0.8%), as well as paper products, printing and media reproduction of recorded data (-0.4%).