BMI View: A muted growth outlook for Hong Kong's economy, underpinned by a slowing Chinese economy
and cooling property market, will weaken consumer sentiment, leading to a contraction of 16.6% in vehicle
sales in 2016.
? Vehicle sales will contr ..."
BMI View: Despite a shaky outlook in 2016 on the back of weak Chinese demand, we expect that Hong
Kong's trade will enjoy positive real growth this year, following a contraction in 2015. Things will improve
onwards from 2017, but imports will continue to drive growth ..."
BMI View: As a result of a deteriorating economic outlook, underpinned by a slowing Chinese economy
and weak consumer spending, we are revising down our vehicle sales forecast to a contraction of 14.4% in
2016, down from previously forecasted growth of 6.1%.
BMI View: Growth in Hong Kong's trade will be positive over the coming years, albeit slower than
experienced over the previous five years. The city state's close relations with China mean that it is heavily
influenced by the larger country, although increasing numbers ..."
BMI View: Growth in the autos market is expected to slow as the city-state faces significant challenges to
economic growth over the next two years, including a property price correction and a slowing Chinese
? The downbeat econ ..."
BMI View: Hong Kong's trade outlook remains poor over the near-future, as its close trade links with the
mainland will undermine the potential for a recovery in 2016, and this will weigh on the freight transport
sector to a significant degree. Meanwhile, the global tr ..."
BMI View: A slowdown in economic growth and weak consumer sentiment will lead to subdued growth in
passenger vehicle sales over our forecast period 2016-2019, with average growth of 1.9% over this period.
Table: Key Views
Weak economic outlook will dampen vehi ..."
BMI View: Following a disappointing year in 2015, there will be some positive growth in total throughput
in 2016, though container volumes will continue to decline, albeit at a much lower rate, until the move back
into positive growth in 2017. Economic growth will dec ..."
BMI View: We forecast modest but nonetheless positive growth for Hong Kong's freight sector in 2016 and
beyond. The current slowdown in the Chinese economy is affecting trade flows in Hong Kong, hurting the
economy and consequently impacting all freight modes in the c ..."
Passenger Car Sales
According to the Hong Kong Department of Transport, domestic passenger car sales declined by 9.5% y-oy
in April 2015 to 2,578 units, which is in line with our expectations of a more challenging market for the
sector despite a strong start. Th ..."