FX.co ★ Hong Kong Manufacturing Growth at 4-Year High

Hong Kong’s manufacturing production expanded by 5.7% year-on-year in the fourth quarter of 2025, up from a downwardly revised 5.3% increase in the previous quarter. This was the strongest growth since the fourth quarter of 2021, supported mainly by higher output in the manufacture of food, beverages, and tobacco (3.2% vs 2.5% in Q3); metal, computer, electronic, and optical products, as well as machinery and equipment (6.9% vs 6%); and miscellaneous manufacturing industries (9.4% vs 9.1%). The contraction in textiles and wearing apparel production also eased (-4.7% vs -5.2%). By contrast, output declined for paper products, printing, and reproduction of recorded media (-0.2% vs +1.2% previously). On a seasonally adjusted quarterly basis, manufacturing production growth slowed to 1.3% in Q4 from 4.5% in Q3 2025.