Hong Kong’s industrial production growth slowed notably at the start of 2026, with year-over-year output expanding by 3.10% in the first quarter. This marks a deceleration from the 5.80% annual increase recorded in the fourth quarter of 2025, according to data updated on 12 June 2026.
The figures are based on a year-over-year comparison, measuring changes in industrial output in the first quarter of 2026 against the same period a year earlier, while the previous reading compared the fourth quarter of 2025 to the corresponding quarter a year before. The moderation in growth suggests that momentum in Hong Kong’s industrial sector has eased, potentially reflecting softer external demand or a normalization following stronger gains late last year.
Market participants will be watching upcoming quarters closely to see whether this slowdown is temporary or signals a more sustained cooling in industrial activity, which could have broader implications for Hong Kong’s overall economic performance in 2026.
