Hong Kong PMI February 2016

Hong Kong

Hong Kong: PMI inches up in February

March 3, 2016

The Nikkei Purchasing Managers’ Index (PMI) inched up from January’s 46.1 to 46.4 in February. As a result, the PMI remains below the 50-threshold that separates contraction from expansion in business conditions.

February’s figure reflected milder declines in output and new orders, which both fell at the softest rates in seven months. However, new business from Mainland China continued to fall at a significant rate. Nikkei analysts pointed out that, “a murky global economic outlook may hinder any chance of recovery in the near-term. However, it will be interesting to see if the recently-announced stimulus measures aimed at boosting domestic consumption will aid the performance of the sector in the next few months.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.1% in 2016, which is down 0.1 percentage points from the previous month’s estimate. For 2017, the panel expects fixed investment to increase 3.2%.

Author:, Economist

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Hong Kong PMI Chart

Hong Kong PMI February 2015 0

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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