Hong Kong Private Sector Climbs Into Expansion – Markit
The private sector in Hong Kong moved into expansion territory in February, the latest survey from Markit Economics showed on Wednesday with a services PMI score of 50.2.
That’s up from 47.8 in January, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, activity and new orders were down but at much weaker rates. Purchase cost inflation reached a 31-month high, while firms were optimistic for the first time since 2018.
The improvement in business conditions reflected a waning negative impact of the COVID-19 pandemic as the latest wave of infections eased off.
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