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Hong Kong Private Sector Continues To Contract - Nikkei

The private sector in Hong Kong continued to contract in December, although at a slightly slower rate, the latest PMI from Nikkei showed on Friday with a score of 48.0.

That's up from 47.1 in November, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a sharp decline in new order - particularly from mainland China.

Business confidence remained firmly negative, while inflationary pressures continued to accelerate.

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