Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Hong Kong’s manufacturing activity contracted for a third month in November despite the easing of Covid restrictions, as firms said weaker demand led to reduced inventories and employment, according to the S&P Global Manufacturing PMI released on Monday.
November’s PMI was 48.7 index points, down from 49.3 points in October. Index results above 50 indicate an expansion of the manufacturing sector compared to the previous month, while below 50 shows a contraction. The two biggest PMI components, output and new orders, recorded steeper contractions in November.
Companies noted input costs rose by the quickest rate in eight months due to higher purchase prices and wage inflation. Hong Kong’s GDP in Q3 contracted by 4.5% y/y, according to a recent government report.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.