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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Industrial Production YoY fell to 3.1% in January 2026
FMPMonthlyReleased June 2026
Hong Kong Industrial Production YoY fell to 3.1% in January 2026, released June 2026, down 2.7% from December's 5.8% reading. The reading missed the 3.8% consensus by 0.7%. The print is running well above the 12-month average of 2.32%.
Latest Release
3.1
Actual
3.8
Consensus
5.8
Previous
Median Absolute Error
±1.43 percentage points
across last 10 releases
Last Call
Jun 2026
Predicted: 3.8
Actual: 3.1
Error: +0.7
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production YoY (Hong Kong) was reported at 3.1% in June 2026. This missed the market consensus of 3.8% by 0.7%. The reading fell from the previous value of 5.8%. Trailing 12-month context per ETL data through June 2026.
WHY IT MATTERS
The trailing three releases averaged 4.73%, up from the prior three at 0.87%. In June readings over the past 3 years, Industrial Production YoY has averaged 1.87%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 10 releases, the Sigmacast model's median absolute error is 1.43%.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Industrial Production YoY - HK
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About Industrial Production YoY — Hong Kong
DEFINITION
Industrial Production YoY (Year-over-Year) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors over a 12-month period. It provides valuable insights into the health and growth of a country's industrial sector, which is a crucial component of its overall economic performance. This indicator is closely monitored by investors, policymakers, and analysts as it can signal potential shifts in the economy and help inform business and investment decisions. A positive YoY growth in industrial production indicates a strong and expanding industrial sector, while a negative growth may suggest a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. 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 3.1 %, consensus 3.8 %. Prior reading (Oct 2025): 5.7 %. Before that (Jul 2025): 5.4 %.
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.