March 05, 2025 00:48 GMT
HONG KONG: PMI’s Unexpectedly Decline.
HONG KONG
- 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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