Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Hong Kong Purchasing Managers' Index 52.5 January Vs December 51.7

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/05/2013 | 04:10am CEST
   By Fiona Law 
 

HONG KONG--The HSBC Hong Kong Purchasing Managers Index rose to 52.5 in January from 51.7 in December due to a solid increase in output and new orders, signaling the strongest improvement in private sector business conditions in 11 months, HSBC Holdings PLC said Tuesday.

A reading above 50 represents an expansion in manufacturing activity, while a reading below signals contraction.

Hong Kong's steady recovery has been strengthened further by the renewed expansion of orders from mainland China as growth in the world's second-largest economy picks up, HSBC Greater China economist Donna Kwok said.

But she noted that inflation would be a concern in the near term amid Hong Kong's recovery.

"Robust demand conditions continue to fan inflationary pressures, an issue that will likely resume dominance in policy maker concerns again by mid-year, especially as business activity picks up additional momentum," Ms. Kwok said.

The sustainability of jobs-driven domestic demand is another concern. During the month, private sector employment in the city fell, following a three-month sequence of job creation, she said.

The HSBC PMI is calculated using indexes measuring changes in output, new orders, employment, suppliers' delivery times and stocks of goods purchased. It is based on a survey of about 300 companies prepared by Markit Economics.

Write to Fiona Law at fiona.law@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
06:33p Defense POW/MIA Accounting Command Deputy Updates American Legion National Convention on His Agency’s Progress since 2015 Overhaul
06:26pDJGupta Family to Sell South African Holdings, Piling Pressure on President Zuma
06:20p ZAMIL INDUSTRIAL INVESTMENT COMPANY : Announces Its Transition Plan for Implementation of the International Financial Reporting Standards (Phase One)
06:20p NATIONAL INDUSTRIALIZATION COMPANY : (Tasnee) announces the Transition Plan for the implementation of International Financial Reporting Standards (IFRS).
06:20p ABDULLAH A. M. AL-KHODARI SONS COMPANY : wins Maintenance of Water Networks and its Ancillaries at SAR 68,999,999 from the Ministry of Environment, Water & Agriculture.
06:20p ABDULLAH A. M. AL-KHODARI SONS COMPANY : announces obtaining Islamic credit facilities from SAMBA Financial Group.
06:20p RABIGH REFINING AND PETROCHEMICAL JSC : Append Announcement From Rabigh Refining and Petrochemical Company (Petro Rabigh) Regarding The Recommendation Of The Board of Directors To Increase the Companys Capital through Rights Issue
06:20p NAJRAN CEMENT : announces its progress on the transition to International Financial Reporting Standards (IFRS) - First stage.
06:16p PREP ROUNDUP : Sauk Rapids tops Little Falls, 3-1
06:08p MANULIFE BHD : John Hancock signs up for artificial intelligence help
Latest news
Advertisement
Hot News 
-10.63%GAMESTOP : quarterly revenue misses on weak video game sales
4.35%TATA MOTORS : India's Tata Motors first-quarter net profit halves on forex loss post-Brexit vote
-2.31%HERBALIFE : Ackman approached to buy Herbalife shares owned by Icahn
-6.63%DONGFENG MOTOR : 1st Half Net Profit Falls 1.8% to CNY6.76 Billion
-2.80%ALERE : Sues Abbott Laboratories to Force Merger
Most Read News
08/27 VOLKSWAGEN : Start-ups in Target's Techstars accelerator race to finish line
06:21a MANCHESTER UNITED : Mourinho lauds `marvellous` Rashford post PL win over Hull City
01:03a MITSUBISHI HEAVY INDUSTRIES : M'bishi jet heads for U.S. after aborting earlier flight due to defect
08:06a TSUI WAH : Announcements and Notices – POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 26 AUGUST 2016
08/27 BANK OF VALLETTA P L C : 185 BOV employees graduate from the BOV Training Academy
Most recommended articles
11:36aDJGENERAL ELECTRIC : China Establishes New State-Owned Aircraft-Engine Maker
09:09aDJCHINA PETROLEUM & CHEMICAL : 1st Half Net CNY19.92 Billion, Down 21.6% on Year
08:36a ALLIANZ : can weather long-lasting low interest rates - life insurance chief
08:26a China's BYD forecasts up to 91 percent profit rise for first nine months
04:51aDJFORD MOTOR : Feels Pressure of China Rivals' Pursuit