Hong Kong: The manufacturing production index rose by 3.1% year-on-year in the first quarter, while the producer price index rose by 17.7% year-on-year.

According to a temporary result of a statistical survey released by the Hong Kong SAR government's Census and Statistics Department today (June 12th), the overall industrial production index of the manufacturing industry continued to increase by 3.1% in the first quarter of 2026 compared to the same quarter last year, following a year-on-year increase of 5.8% in the fourth quarter of 2025. The corresponding producer price index also rose by 17.7% in the first quarter of 2026 compared to the same quarter last year, after a 9.5% year-on-year increase in the fourth quarter of 2025. The industrial production index of sewage treatment, waste management, and pollution control activities decreased by 1.6% in the first quarter of 2026 compared to the same quarter last year, following a year-on-year decrease of 2.0% in the fourth quarter of 2025. The corresponding producer price index also increased by 3.8% in the first quarter of 2026 compared to the same quarter last year, after a 0.2% year-on-year increase in the fourth quarter of 2025. The industrial production index reflects changes in the local industrial production, excluding the impact of price changes. Price changes are measured using the producer price index, which is compiled based on producer price data for selected industrial products/services collected in the same statistical survey. In terms of the main sectors of the manufacturing industry, industries that saw an increase in production in the first quarter of 2026 compared to the same quarter last year included metal, computer, electronic and optical products, machinery and equipment industry (+6.6%), and food, beverage, and tobacco products industry (+2.1%). On the other hand, industries that saw a decrease in production included textile products and clothing industry (-4.7%) and paper products, printing, and recorded media reproduction industry (-2.6%). When seasonally adjusted, the overall industrial production index of the manufacturing industry in the first quarter of 2026 decreased by 2.6% compared to the fourth quarter of 2025. The producer price index reflects changes in local production prices, measuring the changes in the actual prices that producers receive for their output (after deducting any buyer discounts or commissions and adding any additional costs), excluding transportation and other miscellaneous costs. In the first quarter of 2026, all major industries within the manufacturing sector recorded an increase in producer prices compared to the same quarter last year. The largest increase was in the metal, computer, electronic, and optical products, machinery and equipment industry (+32.0%), followed by the paper products, printing, and recorded media reproduction industry (+2.7%), textile products and clothing industry (+1.4%), and food, beverage, and tobacco products industry (+1.3%).