FX.co ★ Hong Kong Manufacturing Momentum Builds as S&P Global PMI Edges Up in January

Hong Kong’s manufacturing sector extended its expansion at the start of 2026, with the S&P Global Manufacturing PMI inching higher to 52.3 in January 2026, up from 51.9 in December 2025. The latest reading, updated on 4 February 2026, signals a modest strengthening in industrial activity and keeps the index comfortably above the 50-point threshold that separates expansion from contraction.

The improvement, though slight, suggests that operating conditions in Hong Kong’s manufacturing industry continued to improve month-on-month, adding to signs of resilience after year-end. With January marking a further gain on December’s performance, the data point to a cautiously constructive start to the year for the territory’s producers.