Hong Kong Private Sector PMI Ebbs In April - Markit

By Rtt News Staff Writer7 days ago

The private sector in Hong Kong continued to expand in April, albeit at a slower pace, the latest survey from Markit Economics showed on Wednesday with a services PMI score of 50.3.

That's down from 50.5 in March although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

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A reduced level of COVID-19 case numbers and the loosening of restrictions contributed to improving business conditions at the start of the second quarter of the year.

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