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Financial News: Hong Kong PMI Sinks To 11-Year Low -

Hong Kong PMI Sinks To 11-Year Low - HIS

11/04/2019 - 19:55:00 (RTTNews)

(RTTNews) - Hong Kong's private sector activity continued to contract in October, and at a faster rate, the latest survey from IHS revealed on Tuesday with a PMI score of 39.3 - the lowest index score since November 2008.

That's down from 41.5 in September and moves even further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Not only did business activity across the private sector shrink further in October, but the rate of decline was the fastest since the survey began over 21 years ago.

Amid political unrest and trade tensions, overall demand conditions continued to weaken at the start of the fourth quarter.

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