Hong Kong Private Sector PMI Falters … RTT
Hong Kong Private Sector PMI Falters In May – Nikkei
The private sector in Hong Kong continued to deteriorate in May, and at a faster pace, the latest survey from Nikkei showed on Tuesday with a PMI score of 47.8.
That’s down from 49.1 in April, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, there were sharper falls in output and new business, while business confidence remained firmly negative.
Purchasing activity was down, resulting in a sharp decline in inventories.
by RTTNews Staff Writer