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Financial News: Hong Kong Industrial Production Falls In Q1

Hong Kong Industrial Production Falls In Q1

06/12/2020 - 08:36:00 (RTTNews)

(RTTNews) - Hong Kong's industrial production declined at a faster rate in the first quarter, data published by the Census and Statistics Department showed on Friday.

The index of industrial production for manufacturing industries as a whole fell 4.6 percent year-over-year in the first quarter, following a 0.5 percent decline in the previous quarter.

The sub index for sewerage, waste management and remediation activities advanced 1.1 percent annually in the March quarter.

On a seasonally adjusted basis, the index of industrial production for manufacturing industries as a whole decreased by 3.5 percent in the first quarter compared with the previous quarter.

Data also showed that industrial producer prices grew 1.3 percent annually in the first quarter, following a 1.1 percent rise in the previous quarter.

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