In the first quarter of 2024, the Guangdong - Hong Kong - Macao Greater Bay Area Business Confidence Index (GBAI) ranged at 54.3 index points. The index rebounded in the first quarter of 2024, but future expectations did not keep up.
Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024
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The Greater Bay Area is the Chinese government's scheme linking the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing into an integrated economic and business hub.
The Greater Bay Area Business Confidence Index (GBAI) is based on a quarterly survey of no less than 1,000 enterprises in key business sectors across main cities in the Guangdong-Hong Kong-Macao Greater Bay Area. The index is calculated as an average of eight sub-indices that reflect different aspects of business activity. The index is designed as a diffusion index. An index above 50.0 means that respondents are generally optimistic about the business environment in the current (current index) or upcoming quarter (expectations), while an index below 50.0 indicates predominantly pessimistic sentiment. A value of 50 is neutral.
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HKTDC. (April 30, 2024). Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/
HKTDC. "Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024." Chart. April 30, 2024. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/
HKTDC. (2024). Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/
HKTDC. "Guangdong-hong Kong-macao Greater Bay Area Quarterly Business Confidence Index (Gbai) from 1st Quarter 2021 to 1st Quarter 2024." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/
HKTDC, Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024 Statista, https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/ (last visited July 03, 2024)
Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 1st quarter 2021 to 1st quarter 2024 [Graph], HKTDC, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1329772/china-greater-bay-area-quarterly-business-confidence-index/