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HK Overall Biz Sentiment among SMEs Softens in May
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The Census and Statistics Department (C&SD) announced that the current diffusion index (DI) on business receipts amongst SMEs decreased from 43.8 in April 2024 in the contractionary zone to 43 in May 2024, whereas the one-month's ahead (i.e. June 2024) outlook DI on business receipts was 46.8. Analyzed by sector, the current DIs on business receipts for many surveyed sectors dropped in May 2024 as compared with previous month, particularly for the real estate (from 46.1 to 40.6) and business services (from 48.4 to 45.2). The current DI on new orders for the import and export trades decreased from 46.4 in April 2024 to 45.2 in May 2024, whereas the outlook DI on new orders in one month's time (i.e. June 2024) was 46.7. A Government spokesman said that overall business sentiment among SMEs softened in May, with individual sectors showing mixed performance. Meanwhile, the overall expectations on the business situation in one month's time turned slightly better. The overall employment situation showed some improvement. While business sentiment will be affected by the complicated external environment in the near term, the continued growth of the economy should provide support. AAStocks Financial News |
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