Hong Kong PMI January 2016

Hong Kong

Hong Kong: PMI moderates in January

February 3, 2016

The Nikkei Purchasing Managers’ Index (PMI) decreased from December’s 46.4 to 46.1 in January, which marked a four-month low. As a result, the PMI fell further below the 50-threshold that separates contraction from expansion in business conditions.

January’s figure reflected deteriorations in new orders, employment and output, with the latter contracting at the sharpest rate in four months. These poor results were mainly driven by the continuing fall in new business from Mainland China. Nikkei analysts pointed out that, “looking ahead, it is likely that an uncertain global economic outlook and softer growth in China will continue to weigh on the performance of Hong Kong’s private sector.”

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 January 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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