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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Gross Domestic Product QoQ held to -0.6% in Q2 2026
FMPMonthlyReleased August 2026
Hong Kong Gross Domestic Product QoQ held to -0.6% in Q2 2026, released August 2026. The reading matched the -0.6% consensus. The print is running well below the 12-month average of 1.01%. Gross Domestic Product QoQ is now the lowest in 18 months.
Latest Release
-0.6
Actual
-0.6
Consensus
-0.6
Previous
Median Absolute Error
±0.05 percentage points
across last 10 releases
Last Call
Aug 2026
Predicted: -0.75
Actual: -0.6
Error: -0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.77 | INDEX | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.58 | INDEX | Moves against | → View |
| Nikkei 225 | ▼ Inverse | −0.46 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Hong Kong) was reported at -0.6% in August 2026. This matched the market consensus of -0.6% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.76%, ranging from -0.6% to 2.9% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 0.57%, down from the prior three at 1%. Volatility over the past year (σ 1.03%) is higher than the prior year (σ 0.66%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with Hang Seng, negatively correlated (Bearish Hang Seng). Over the last 10 releases, the Sigmacast model's median absolute error is 0.05%.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Gross Domestic Product QoQ - HK
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About Gross Domestic Product QoQ — Hong Kong
DEFINITION
Hong Kong's Gross Domestic Product QoQ contracted by -0.600000% in July, matching the previous reading from June. This marks a continued economic contraction for the second consecutive month, maintaining the same pace of decline. Market participants will watch upcoming data for signs of stabilization amid persistent weakness. Updated 8/14/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -0.6 %, consensus -0.6 %. Prior reading (Apr 2026): -0.6 %. Before that (Jan 2026): 2.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.77) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - HK Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | HK | Industrial Production YoY | 2.3 | 3.1 | 2.5 | 2.40 | Low |