Hong Kong PMI Slows To 50.4 - S&P Global
(RTTNews) - The private sector in Hong Kong continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 50.4.
That's down from 50.7 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Business activity across the private sector increased for the second successive month during September, with the rate of growth edging up to the highest since November 2024. The service sector led the expansion, as activity levels fell across the three other monitored sectors.
New orders meanwhile decreased at a fractional pace, with the rate of contraction unchanged from that seen in August. Survey respondents often mentioned improved domestic orders across online platforms. That said, firms noted that US tariffs continued to weigh on demand from Mainland China and globally. In fact, the latest reduction in new export orders was the most marked since March 2022.
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