Global Economic News

Hong Kong Business PMI Slips In May - Nikkei

Business conditions in Hong Kong slowed in May, the latest survey from Nikkei revealed on Monday with a PMI score of 50.5.

That's down from 51.1 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output growth supported the sector, but a renewed fall in new orders and a slower inventory build weighed.

Also, cost inflation accelerated to a three-year high.

by RTTNews Staff Writer

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