Business confidence in Hong Kong rose to 5 in the fourth quarter of 2026, its highest level in three years, rebounding from -4 in the previous quarter. This marked the first positive reading after ten consecutive quarters of pessimism, as sentiment improved across most sectors. Sentiment turned optimistic in import and export trade and wholesale (8 vs. -9), retail (5 vs. -2), and accommodation and catering services (19 vs. -9). Meanwhile, confidence improved to a neutral level in information and communications (0 vs. -7) and real estate (0 vs. -11). Pessimism also eased in professional and business services (-4 vs. -10), while sentiment in transportation, storage and courier services edged up slightly (-14 vs. -15). In contrast, confidence in manufacturing deteriorated, falling to 0 from 5 in the previous quarter.