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HONG KONG: PMI’s Unexpectedly Decline. 

HONG KONG
EM BulletHong KongBulletAPACEmerging Market News
  • In what is likely another data release impacted by the Lunar New Year holidays; Hong Kong’s February PMI slipped into contraction.
  • February PMI slipped to 49 from 51 in January, representing the lowest reading in eight months.
  • The fall in output was significant, down to 48.8 from 50.5 in January making it the lowest print since June 2024, stalling what had been a sustained expansion.
  • New orders too fell to their lowest in eight months. 
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  • In what is likely another data release impacted by the Lunar New Year holidays; Hong Kong’s February PMI slipped into contraction.
  • February PMI slipped to 49 from 51 in January, representing the lowest reading in eight months.
  • The fall in output was significant, down to 48.8 from 50.5 in January making it the lowest print since June 2024, stalling what had been a sustained expansion.
  • New orders too fell to their lowest in eight months.