Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR
QHKPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
235.90
Year-over-Year Change
-12.24%
Date Range
10/1/1978 - 10/1/2024
Summary
This economic trend measures the total credit extended by banks to the private non-financial sector in Hong Kong SAR, adjusted for any statistical breaks in the data series. It provides insights into the level of bank lending and financing activity in the Hong Kong economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR is an important indicator of financial intermediation and overall economic conditions. It reflects the extent to which the banking system is channeling funds to businesses and households, which is crucial for investment, consumption, and economic growth.
Methodology
The data is collected by the Hong Kong Monetary Authority and the Bank for International Settlements.
Historical Context
Policymakers and analysts use this trend to assess the state of credit markets and the financial health of the private sector in Hong Kong.
Key Facts
- Hong Kong is a major global financial center.
- Bank lending is a key driver of economic activity in Hong Kong.
- Credit levels can indicate the availability of financing for businesses and households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended by banks to the private non-financial sector in Hong Kong SAR, adjusted for any statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of bank lending and financing activity in the Hong Kong economy, which is crucial for investment, consumption, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Hong Kong Monetary Authority and the Bank for International Settlements.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of credit markets and the financial health of the private sector in Hong Kong, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and availability from the Hong Kong Monetary Authority and the Bank for International Settlements.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR (QHKPBM770A), retrieved from FRED.