S P Hong Kong PMI is lower than the Rongku Line for two consecutive months

In February, the Hong Kong Purchasing Manager Index (PMI) was reduced from 49.9 in January to 49.7, which was lower than the Rongku line for two consecutive months.

Comprehensive Ming Pao and the Hong Kong Radio website reported that this value announced on Tuesday (March 5), the S & P Global, is also a new low since October 2023, and reported at 48.9.

The report shows that the number of new orders has fallen for two months, and the number of domestic exchanges and orders from mainland China have continued to decrease.

Regarding the latest survey results, Jingyi Pan, deputy director of the Ministry of Finance and Economics of S & P Global Market, said: "PMI data in February shows that the business environment of the Hong Kong Special Administrative Region is still facing pressure. Market demand has deteriorated.The slide into the tightening range has also affected the procurement activities of the month. "