,Hong Kong

HK manufacturing's production index edges up 5.6% YoY in Q2

Meanwhile, its corresponding producer price index also increased by 2.7%.

The Census and Statistics Department (CS&D) has released the provisional results of the industrial production and producer price indices on 13 September.

The production index for manufacturing industries increased by 5.6% year-on-year (YoY) in the second quarter (Q2) of 2021. This is higher compared to the 2.6% YoY increase in the first quarter (Q1) of 2021. The corresponding producer price index increased by 2.7% in Q2 2021 compared with a year earlier, following a YoY increase of 1.9% in Q1 2021.

The index of industrial production for sewerage, waste management, and remediation activities increased YoY by 1.6% in Q2 2021; following a YoY increase of 1.6% in Q1 2021. The corresponding producer price index increased by 4.7% YoY in Q2 of 2021, following a YoY increase of 1.2% in Q1 2021.

Increases in output volume were recorded mainly in the food, beverages and tobacco industry (+7.1%); the paper products, printing, and reproduction of recorded media industry (+2.7%); and the textiles and wearing apparel industry (+1.5%). On the other hand, a decrease in output volume was recorded in the metal, computer, electronic and optical products, machinery and equipment industry (-2.3%).

Users can download the reports on the Quarterly Index of Industrial Production 2nd Quarter 2021 and the Quarterly Producer Price Index for Industrial Sector 2nd Quarter 2021 at the website of the C&SD.

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