Hong Kong PMI

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Hong Kong: PMI stable in November; remains in contractionary territory

December 3, 2015

The Nikkei Purchasing Managers’ Index (PMI) remained stable at October’s 46.6 in November, which had marked a three-month high. As a result, the PMI remains below the 50-threshold that separates contraction from expansion in business conditions.

November’s figure reflected softer declines in output and new orders, which more than offset a sharp fall in new business from Mainland China. Nikkei analysts pointed out that, “as global economic conditions remain fragile amid slower growth in China, it appears unlikely that Hong Kong’s private sector will see a growth recovery until demand conditions improve.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.1% in 2015, which is down 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 3.2%, which is down 0.6 percentage points from last month’s estimate.

Author:, Economist

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Hong Kong PMI Chart

Hong Kong PMI November 2015

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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