Financial News: Hong Kong Private Sector PMI Ticks Higher In

Hong Kong Private Sector PMI Ticks Higher In November - S&P Global

12/02/2025 - 19:45:00 (RTTNews)

(RTTNews) - The private sector in Hong Kong continued to expand in November, and at a slightly faster rate, the latest survey from S&P Global revealed on Wednesday with a services PMI core of 52.9.

That's up from 51.2 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Private sector companies registered a second successive monthly rise in new order intakes during November. The rate of growth was the steepest since April 2023 and sharp, as stronger client confidence and new product launches had reportedly helped to boost sales in both local and international markets.

As such, incoming new business from abroad increased for the first time in just over a year, and to the greatest extent in 32 months. Demand from Mainland China also increased at a stronger rate in comparison to October that was the quickest in 28 months. Greater customer demand contributed to an accelerated rise in business activity. Furthermore, the rate of expansion was the most pronounced since March 2023.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Europe Car Sales Increase In November (01 hr(s), 32 min(s), 32 sec(s) ago)
(RTTNews) - Europe's new car registrations increased for the fifth straight month in November, ...Full Story»

European Economic News Preview: German Import Price Data Due (02 hr(s), 04 min(s), 32 sec(s) ago)
(RTTNews) - Import prices from Germany and revised GDP data from Spain are the top economic news d ...Full Story»

RBA Minutes: Policymakers Discussed Rate Hike Scenario (02 hr(s), 46 min(s), 32 sec(s) ago)
(RTTNews) - Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tigh ...Full Story»

RBA Minutes Due On Tuesday (52 min(s), 28 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 mone ...Full Story»

Two-Year Note Auction Attracts Below Average Demand (28 min(s), 28 sec(s) ago)
(RTTNews) - Kicking off this week's series of announcements of the results of its long-term se ...Full Story»

Italy Producer Prices Fall For First Time In A Year (58 min(s), 28 sec(s) ago)
(RTTNews) - Italy's producer prices declined for the first time in a year in November, the sta ...Full Story»

Hong Kong Inflation Steady At 1.2% (22 min(s), 28 sec(s) ago)
(RTTNews) - Hong Kong consumer price inflation remained unchanged in November, the Census and Stat ...Full Story»

UK Q3 GDP Growth Confirmed At 0.1% (38 min(s), 28 sec(s) ago)
(RTTNews) - The UK economy registered a meager growth as initially estimated in the third quarter, ...Full Story»