October 04, 2024 00:41 GMT
HONG KONG: Uptick in PMI May Show Early Impacts from China Stimulus.
HONG KONG
- S&P Global PMI for Hong Kong released today rose to 50 from 49.4 in August.
- This represents the highest reading since April.
- Output is up from 49 to 49.6, however it is now the fifth successive month of contraction.
- New orders the highest reading since March 2024.
- The slight uptick may represent the early signs of potential impacts from the stimulus measures announced in China.
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