Hong Kong March PMI returned to the expansion range for the first time this year

Hong Kong's March Purchasing Manager Index (PMI) was 50.9, and the first time this year returned to the expansion range.

The international rating agency S & P Global Wednesday (April 5) announced that Hong Kong's March PMI was 50.9, an increase of 1.2 from last month.Essence

Data show that Hong Kong's new order in March has grown for the first time this year.The interviewees revealed that although the range was not large, it was the second increase in nine months since nine months, reflecting the improvement of fiscal conditions.Looking at the data of different industries, the growth of orders in the construction industry is the most prominent, but the business volume of newly connected by enterprises from overseas and the mainland has continued to shrink, and the decline expanded at the end of the first quarter.According to the survey data, the reduction of passenger demand and the slowdown of the external environment all affect business from overseas.

In addition, the overall output of enterprises in Hong Kong in March was slightly lower than in February, showing that the growth of new orders increased and slowing down the decline in operating activities in March.With the support of order growth, Hong Kong private enterprises have opened more positions, and the employment increase in March has jumped to the highest in the past year.Although the new orders have returned to increase, the overall business environment in March is still pessimistic.Enterprises are generally worried that the decline in economic and competitive competition will further impact the sales in the next year.

Jingyi Pan, deputy director of the Ministry of Finance and Economics of the S & P Global Market, said that Hong Kong's March PMI data showed a positive sign, reflecting the improvement of Hong Kong's business environment.She added that although the output price inflation was heated monthly, the overall was still mild.However, the overall pessimistic emotions deepened the monthly on a monthly basis, and the industry continued to blew the air, showing that the company still reserved the continued growth of output.