Hong Kong Industrial Output Grows 1.0% In Q4

(RTTNews) - Hong Kong's industrial production expanded at a faster pace in the fourth quarter of 2024, provisional data from the Census and Statistics Department showed on Thursday.

The index of industrial production for manufacturing industries as a whole climbed 1.0 percent annually in the fourth quarter, following a 0.1 percent rebound in the third quarter.

On a quarterly basis, industrial production climbed a seasonally adjusted 1.1 percent in the December quarter.

The production volume of metal, computer, electronic, and optical products, and machinery alone advanced by 3.2 percent compared to last year, and that of miscellaneous manufacturing industries logged a growth of 2.9 percent. Meanwhile, production of food, beverages, and tobacco was 0.3 percent lower.

During the year 2024, overall industrial production for manufacturing industries expanded 0.8 percent compared with 2023.

Data showed that the producer price index climbed 4.2 year-over-year in the fourth quarter compared to a 3.2 percent rise in the third quarter.