FOREX TradingCharts.com

Financial News: Hong Kong Private Sector Contracts Further In November

Hong Kong Private Sector Contracts Further In November - S&P Global

12/04/2022 - 20:05:00 (RTTNews)

(RTTNews) - The private sector in Hong Kong continued to contract in November, and at a faster pace, the latest survey from S&P Global said on Monday with a PMI score of 48.7.

That's down from 49.3 in October and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The two biggest PMI components, output and new orders, recorded steeper contractions in the month of November, thereby weighing on the headline PMI. New orders, which shrank at the faster pace between the two, was affected by rising COVID-19 infections in November and a worsening economic backdrop. This led to a reduction in overall business activity.

Lower incoming new business from abroad was also recorded in November owing to weak underlying demand and COVID-19 disruptions. That said, the pace at which international new orders declined was the softest in six months, thanks to a further loosening of COVID-19 travel curbs.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Inflation Slows, Manufacturing Logs Mild Contraction (04 min(s), 10 sec(s) ago)
(RTTNews) - Euro area inflation eased to an eight-month low in January on slower growth in energy ...Full Story»

Sweden Manufacturing Downturn Continues In January (02 hr(s), 07 min(s), 10 sec(s) ago)
(RTTNews) - Sweden's manufacturing sector remained in contraction for the sixth successive mon ...Full Story»

Eurozone Inflation At 8-Month Low (02 hr(s), 28 min(s), 10 sec(s) ago)
(RTTNews) - Eurozone consumer prices rose at the slowest pace in eight months in January, flash da ...Full Story»

Indonesia Inflation Slows To 5.28%, Lowest In 5 Months (02 hr(s), 39 min(s), 10 sec(s) ago)
(RTTNews) - Indonesia's inflation rate eased to the lowest in five months in January after acc ...Full Story»

UK House Price Inflation Slows More Than Expected - Nationwide (02 hr(s), 48 min(s), 10 sec(s) ago)
(RTTNews) - UK house prices rose at a much slower than expected pace at the start of the year, and ...Full Story»

Russian Manufacturing Activity Expands Strongly On Robust Demand (02 hr(s), 59 min(s), 10 sec(s) ago)
(RTTNews) - Russia's factory activity continued to expand strongly at the start of the year, u ...Full Story»

Dutch Inflation Near 1-Year Low, Manufacturing Downturn Softens (03 hr(s), 09 min(s), 10 sec(s) ago)
(RTTNews) - The Netherlands' consumer price inflation slowed to the lowest in nearly a year in ...Full Story»

Austria Inflation Climbs To 11.1% (04 hr(s), 38 min(s), 10 sec(s) ago)
(RTTNews) - Austria's consumer price inflation accelerated for the first time in four months i ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Inflation Slows, Manufacturing Logs Mild Contraction

02/01/2023 - 07:56 AM (RTTNews)
(RTTNews) - Euro area inflation eased to an eight-month low in January on slower growth in energy ...Full Story>>

Sweden Manufacturing Downturn Continues In January

02/01/2023 - 05:53 AM (RTTNews)
(RTTNews) - Sweden's manufacturing sector remained in contraction for the sixth successive mon ...Full Story>>

Eurozone Inflation At 8-Month Low

02/01/2023 - 05:32 AM (RTTNews)
(RTTNews) - Eurozone consumer prices rose at the slowest pace in eight months in January, flash da ...Full Story>>

Indonesia Inflation Slows To 5.28%, Lowest In 5 Months

02/01/2023 - 05:21 AM (RTTNews)
(RTTNews) - Indonesia's inflation rate eased to the lowest in five months in January after acc ...Full Story>>

UK House Price Inflation Slows More Than Expected - Nationwide

02/01/2023 - 05:12 AM (RTTNews)
(RTTNews) - UK house prices rose at a much slower than expected pace at the start of the year, and ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.