Hong Kong's industrial production decreased in the three months ended June, but at a slower pace than in the previous quarter, while producer prices declined at a faster pace, data published by the Census and Statistics Department showed Monday.
Industrial production fell 1.3 percent year-over-year in the second quarter, following a 1.5 percent decrease in the first quarter.
The annual decline in the June quarter was mostly due to a 26.7 percent slump in the production of textiles. Production of metal, computer, electronic and optical products, machinery and equipment industry declined by 11.3 percent.
At the same time, output of sewerage, waste management and remediation activities grew 4.4 percent in the second quarter from a year ago.
Industrial producer prices dipped 2.7 percent in the three-month period to June from the prior year, much faster than previous quarter's 0.6 percent drop.
Producer prices in the metal, computer, electronic and optical products, machinery and equipment industry decreased by 7.7 percent, while prices increased in the wearing apparel industry by 4.2 percent.
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