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Hong Kong Composite Leading Index

Working with economists at China CITIC Bank International, we develop a monthly Hong Kong Composite Leading Index that closely tracks Hong Kong's economy. The index can be updated monthly ahead of GDP release for policy makers and financial analysts. It is a readily available instrument variable for HK economic studies.

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Reference: Huang, Y., Liu, Y. & Ding, M. (2026) Tracking Hong Kong economy with a novel leading index. Contemporary Economic Policy, 1–16.

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Hong Kong Composite Leading Index and its year-on-year growth rate

Actual and projected rGDP growth rates from different specifications

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