Hong Kong's manufacturing sector witnessed a slight decline in activity as the S&P Global Manufacturing Purchasing Managers' Index (PMI) slipped to 51.1 in December 2024, down from 51.2 in November. This small decrease, announced on January 6, 2025, reflects a modest shift in the economic momentum of the region's industrial production.
The December figure, although lower than the previous month, still signals expansion in manufacturing activity, as the PMI remains above the critical threshold of 50. This marginal dip may indicate a stabilization of growth as manufacturers adapt to ongoing global economic pressures and local market dynamics.
Analysts are closely monitoring these figures to assess the medium-term outlook for Hong Kong's manufacturing sector, as it remains a pivotal part of the territory’s economy. External factors, such as global supply chain challenges and fluctuating demand, continue to play significant roles in shaping the region's manufacturing landscape moving forward.
