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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Gross Domestic Product QoQ climbed to 2.9% in Q1 2026
FMPMonthlyReleased May 2026
Hong Kong Gross Domestic Product QoQ climbed to 2.9% in Q1 2026, released May 2026, up 1.9% from December's 1.0% reading. The reading matched the 2.9% consensus. The print is running well above the 12-month average of 1.14%. Gross Domestic Product QoQ is now the highest in 15 months.
Latest Release
2.9
Actual
2.9
Consensus
1
Previous
Median Absolute Error
±0 percentage points
across last 8 releases
Last Call
May 2026
Predicted: 2.9
Actual: 2.9
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.73 | INDEX | Bearish S&P 500 | → View |
| Nikkei 225 | ▼ Inverse | −0.57 | INDEX | Bearish Nikkei 225 | → View |
| USD/HKD | ▲ Direct | +0.45 | FOREX | Bullish USD | → View |
| Hang Seng | ▼ Inverse | −0.38 | INDEX | Bearish Hang Seng | → View |
| XAU/USD | ▼ Inverse | −0.29 | COMMODITIES | Bearish XAU | → 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 2.9% in May 2026. This matched the market consensus of 2.9% exactly. The reading rose from the previous value of 1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 1.01%, ranging from 0.4% to 2.9% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 1.63%, up from the prior three at 0.8%. In May readings over the past 3 years, Gross Domestic Product QoQ has averaged 2.27%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with Nikkei 225, negatively correlated (Bearish Nikkei 225). Over the last 8 releases, the Sigmacast model's median absolute error is 0%.
Auto-generated from current model state · Refreshes on each release · Last update May 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 rose 2.900000% in Q1 2026, matching estimates and accelerating sharply from Q4 2025's 1.000000%. The economy expanded at nearly three times the prior quarter's pace, signaling robust growth momentum. Market focus now shifts to upcoming monetary policy decisions amid this stronger output. Updated 5/15/26
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 (Jan 2026): actual 2.9 %, consensus 2.9 %. Prior reading (Jan 2026): 2.9 %. Before that (Oct 2025): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.73) — a useful reference for index-focused traders.