H. Kong business activity remains contracted at 49.5 in July – PMI

Hong Kong’s private sector continued to contract in July, albeit at a slower pace than the previous month, according to the latest S&P Global/HSBC Hong Kong Purchasing Managers’ Index (PMI).

The headline seasonally adjusted index rose to 49.5 in July from 48.2 in June, remaining below the crucial 50-mark that separates growth from contraction.

While the improvement indicates a slight easing of business conditions, the overall picture remains subdued as new orders and output continued to decline.

Attribution: S&P Global Hong Kong SAR PMI report