empty
 
 

2022.05.0500:41:00UTC+00Hong Kong Private Sector Returns To Growth In April - S&P

The private sector in Hong Kong moved back into expansion territory in April, the latest survey from S&P Global showed on Thursday with a PMI score of 51.7.

That's up from 42.0 in March, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

This marked a renewal of private sector growth following three consecutive months of contraction, with the rate of improvement the sharpest since November 2021.

New orders and output in Hong Kong SAR both returned to expansion in April, supported by the receding of COVID-19 cases and easing of restrictions. According to panelists, the distribution of consumption vouchers also helped to boost business activity over April.

Foreign demand continued to fall, however. COVID-19 disruptions, including lockdowns in Mainland China, affected demand from the mainland and more broadly abroad.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback