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The value of manufacturers' orders-on-hand for local production fell 8% in September from a year earlier. All major industries reported a decline.
The fabricated metal products industry saw the largest fall -of 21% - followed by electronic products (-18%), electrical products (-6%), textiles (-5%), wearing apparel (-2%), printing and publishing (-2%), and plastic products (-1%).
On a seasonally-adjusted basis, the value of manufacturers' orders-on-hand for the three months ended September increased by 2% over the three months ended June.
Orders-on-hand are usually regarded as a leading indicator of the performance of domestic exports. However, as orders placed for production outside Hong Kong are not included, manufacturers' orders-on-hand cannot be used to reflect the performance of re-exports.
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