Manufacturing output climbs 5.7%, producer price surges 9.5% in Q4

Despite gains, sewerage, waste management, and remediation output dropped 1.9%.

Hong Kong’s manufacturing industries posted a 5.7% rise in the index of industrial production in the fourth quarter (Q4) of 2025, compared with the same period in 2024, as the producer price index (PPI) rose 9.5%.

The increases follow a 5.3% and 7.7% gain in the third quarter (Q3) for production and PPI, respectively, according to a Census and Statistics Department (C&SD) press release.

In contrast, the industrial production index for sewerage, waste management, and remediation activities fell 1.9% in Q4 after a 1.4% drop in Q3. Its PPI increased 0.2%, slightly below the previous quarter’s 0.3% rise.

Amongst major manufacturing sectors, output expanded in the metal, computer, electronic and optical products, and machinery and equipment sector (+6.9%) and in food, beverages, and tobacco (+3.2%).

Declines in textiles and wearing apparel (-4.7%) and paper products, printing, and media reproduction (-0.2%) were also reported.

Seasonally adjusted figures showed a 1.3% quarter-on-quarter increase in manufacturing production, C&SD said.

For the full year 2025, manufacturing output rose 3.2%, whilst sewerage, waste management, and remediation activities grew 0.1%.

PPI for the year climbed 6.5% for manufacturing and 0.8% for sewerage and waste management.

All major manufacturing industries recorded price gains in Q4. The largest PPI increase occurred in metal, computer, electronic and optical products, and machinery and equipment (+18.2%).

It is followed by textiles and wearing apparel with a 2.3% increase, and food, beverages, and tobacco and paper products, printing, and reproduction, each gaining 1.3%.

The industrial production index tracks changes in output volumes after removing price effects, whilst the PPI measures changes in producer prices, excluding transport and incidental charges.