Hong Kong skyline from above

Hong Kong PMI June 2022

Hong Kong: PMI moderates in June

The S&P Global Purchasing Managers’ Index (PMI) fell to 52.4 in June from May’s 54.9. As such, the index remained above the 50.0 no-change threshold, pointing to a continued, albeit moderating, improvement in business conditions from the previous month.

The deceleration was driven by slower growth in output and new orders due to niggling Covid-19 disruptions and

lower consumer confidence caused by the latest Omicron wave. Output price inflation rose to a five-month high, while the rate of expansion of input prices decreased. In spite of easing economic momentum, employment levels increased.

Commenting on the latest PMI reading, Laura Denman, an economist at S&P Global, noted:

“Should the pandemic continue to stabilize and restrictions ease, we could hope to see growth momentum across Hong Kong SAR’s private sector rebound. That said, downside risks to growth, including inflationary pressure driven by purchased items, remain.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest