FOREX TradingCharts.com

Financial News: Hong Kong Private Sector Slumps In February -

Hong Kong Private Sector Slumps In February - S&P Global

03/04/2024 - 19:49:00 (RTTNews)

(RTTNews) - The private sector in Hong Kong continued to contract in February, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a PMI score of 49.7.

That's down from 49.9 in January and it moves further beneath the boom-or-bust line of 50 tat separates expansion from contraction.

New business placed at Hong Kong SAR private sector firms decreased for a second straight month in February and at the fastest rate since last September. Likewise, new orders from abroad and mainland China continued to decline midway into the first quarter. Anecdotal evidence suggested that increased competition, worsening demand conditions and shrinking customer bases were reasons for the latest fall in new work.

As a result of the reduction in new business, activity fell for the first time in three months. Firms in the manufacturing sector experienced the sharpest decline in output according to sub-sector data.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Swiss Trade Surplus Grows In Q1 (32 min(s), 55 sec(s) ago)
(RTTNews) - Switzerland's foreign trade surplus increased in the first quarter on recovering e ...Full Story»

Europe Car Registrations Fall 5.2% In March: ACEA (01 hr(s), 08 min(s), 55 sec(s) ago)
(RTTNews) - New car sales in the EU decreased for the first time in three months in March amid wea ...Full Story»

Japan Tertiary Activity Index Rebounds 1.5%, Exceeds Forecast (01 hr(s), 37 min(s), 55 sec(s) ago)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Februa ...Full Story»

European Economic News Preview: Swiss Foreign Trade Data Due (03 hr(s), 53 min(s), 55 sec(s) ago)
(RTTNews) - Foreign trade data from Switzerland and the current account from the euro area are the ...Full Story»

Australia Unemployment Data Due On Thursday (06 min(s), 05 sec(s) ago)
(RTTNews) - Australia will on Thursday release March figures for unemployment, highlighting a ligh ...Full Story»

U.S. Economy Grows Slightly, Prices Increase Modestly, Says Fed's Beige Book (31 min(s), 05 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Wednesday saying overall U.S. economic activi ...Full Story»

Twenty-Year Bond Auction Attracts Well Above Average Demand (28 min(s), 05 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $13 billi ...Full Story»

U.S. Crude Oil Inventories Extend Recent Surge (52 min(s), 05 sec(s) ago)
(RTTNews) - Extending the surge seen over the past few weeks, crude oil inventories in the U.S. on ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Swiss Trade Surplus Grows In Q1

04/18/2024 - 03:21 AM (RTTNews)
(RTTNews) - Switzerland's foreign trade surplus increased in the first quarter on recovering e ...Full Story>>

Europe Car Registrations Fall 5.2% In March: ACEA

04/18/2024 - 02:45 AM (RTTNews)
(RTTNews) - New car sales in the EU decreased for the first time in three months in March amid wea ...Full Story>>

Japan Tertiary Activity Index Rebounds 1.5%, Exceeds Forecast

04/18/2024 - 02:16 AM (RTTNews)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Februa ...Full Story>>

European Economic News Preview: Swiss Foreign Trade Data Due

04/18/2024 - 00:00 AM (RTTNews)
(RTTNews) - Foreign trade data from Switzerland and the current account from the euro area are the ...Full Story>>

Australia Unemployment Data Due On Thursday

04/17/2024 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release March figures for unemployment, highlighting a ligh ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.