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HK Jan S&P PMI Mildly Drops to 51; Private Sector Biz Activity Expands for 4th Consecutive Mth
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S&P Global announced that after seasonal adjustment, Hong Kong's Purchasing Managers' Index (PMI) slightly decreased from 51.1 last December to 51 in January, marking the lowest since last October. However, it has remained above the 50 threshold for four consecutive months, indicating a modest improvement in the overall business environment. Although the private sector continued to expand business activities for the fourth month, the growth rate fell to the weakest during the current production increase period. Across different industries, the performance of the wholesale and retail sectors was the most outstanding in January, while the manufacturing and construction sectors significantly reduced production, slowing down the overall growth pace. AAStocks Financial News |
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