Hong Kong Whole Economy PMI At 55.2 In December

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Markit Economics reported on Wednesday that the Hong Kong HSBC Whole Economy Purchasing Managers' Index stood at a seasonally adjusted 55.2 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction.

Hong Kong's private sector output expanded for the sixth consecutive month, driven by a robust growth in new incoming business. New order growth increased markedly, extending the current sequence of expansion to six months. However, the pace of growth eased marginally from the thirty-five month high recorded in November.

Employment levels in the private sector increased for the third straight month, although the pace of expansion eased slightly from the prior month. Input prices faced by private sector companies continued to rise in December, while output charges were also hiked.

Markit Economics reported on Wednesday that the Hong Kong HSBC Whole Economy Purchasing Managers' Index stood at a seasonally adjusted 55.2 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction. (Market News Provided by RTTNews)