FX.co ★ Hong Kong Manufacturing Edges Back Into Expansion as PMI Climbs Above 50 in October

Hong Kong’s manufacturing sector returned to expansion territory in October, with the S&P Global Manufacturing PMI rising to 50.2 from 49.2 in September 2026. The latest reading, released on 4 November 2026, marks a modest but notable improvement, nudging the index just above the 50.0 threshold that separates contraction from growth.

The move from 49.2 to 50.2 suggests that operating conditions in the territory’s manufacturing industry have stabilized after a period of mild contraction. While the uptick is incremental, it signals a shift in momentum that investors and policymakers will be watching closely as they assess the resilience of Hong Kong’s industrial base going into the final months of 2026.