Financial News: Hong Kong Private Sector Ebbs In December -

Hong Kong Private Sector Ebbs In December - S&P Global

01/05/2025 - 19:45:00 (RTTNews)

(RTTNews) - The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1.

That's down from 51.2 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Incoming new orders rose at the slowest pace in the ongoing three-month sequence as new business from abroad and Mainland China both declined modestly. Anecdotal evidence suggested that subdued external conditions and concerns over the impact of potential U.S. tariffs dampened export demand.

Improving domestic client interests and customer bases nonetheless supported greater inflows in new work, which spurred a third monthly (albeit marginal) increase in business activity. Firms in the wholesale and retail segment reported the most pronounced rise in activity.

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