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Financial News: Hong Kong PMI Climbs To 42.1 In December

Hong Kong PMI Climbs To 42.1 In December

01/05/2020 - 19:50:00 (RTTNews)

(RTTNews) - Hong Kong's private sector remained deep in contraction in December, although it improved somewhat, the latest survey from HIS Healthcare showed on Monday with a PMI score of 42.1.

That's up from 38.5 in November, although it remains well below the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the declines in output and new orders improved slightly but remained considerable. Purchasing activity and inventories fell at marked rates, while business confidence remained firmly negative.

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