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.”
Author: Eric Denis , Economist