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.”
Author: Eric Denis , Economist