Hong Kong: Private-sector PMI eases in September
The S&P Global Purchasing Managers’ index (PMI) fell to 49.6 in September from August’s 49.8. As a result, the index fell further below the 50.0 no-change threshold, signaling a sharper deterioration in private-sector operating conditions compared to the previous month.
In September, new orders and output shrank at faster rates, while purchasing activity and external demand—including from mainland China—deteriorated. Firms commented that increased competition and severe weather conditions due to Typhoon Saola had held back demand in the month. More positively, employment rose in September.