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Financial News: Hong Kong Business PMI Climbs To 48.2 In

Hong Kong Business PMI Climbs To 48.2 In July - Nikkei

08/02/2018 - 20:45:00 (RTTNews)

(RTTNews) - The private sector in Hong Kong continued to contract in July, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a PMI score of 48.2.

That's up from 47.7, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders declined at the sharpest rate in two years, while higher costs led forms to hike selling prices.

Business confidence was at its lowest level in a year and a half.

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