Hong Kong PMI April 2016

Hong Kong

Hong Kong: PMI decreases again in April

May 5, 2016

The Nikkei Purchasing Managers’ Index (PMI) released by Markit decreased from March’s 45.5 to 45.3 in April, marking an eight-month low. The PMI has been below the 50-threshold that separates contraction from expansion in business conditions since March 2015.

April’s figure reflected a faster deterioration in output caused by a sharper contraction of new orders, which prompted, companies to cut staff for the fourth month in a row. Against this backdrop, and since firms saw input prices decreasing in April, output prices declined markedly with the aim of attracting new business. According to Markit, the weak start to the second quarter reflects ongoing strain on the sector within a context of bleak economic conditions, due in particular to weak demand from China. The experts from Markit also expect the outlook to remain gloomy should global momentum not pick up and the implementation of further policy measures not occur.

FocusEconomics Consensus Forecast panelists see fixed investment rising 1.3% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel expects fixed investment to increase 2.4%.

Author: Marlène Rump, Senior Data Analyst

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Hong Kong PMI Chart

Hong Kong PMI April 2016

Note: Nikkei Hong Kong Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: Nikkei and Markit.

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