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

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 CET
   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
02:33p Advertising Industry Veteran Charlie Thomas Joins Share Rocket as Chief Revenue Officer
02:33p PENNYMAC FINANCIAL SERVICES, INC. : Announces Date for Release of Fourth Quarter 2016 and Full-Year 2016 Results
02:32p KOSMOS ENERGY : to Host Fourth Quarter 2016 Results Conference Call and Webcast on February 27, 2017
02:32p IIROC Trade Resumption - MEG.R
02:32p PENNYMAC MORTGAGE INVESTMENT TRUST : Announces Date for Release of Fourth Quarter 2016 and Full-Year 2016 Results
02:32p BUFFALO WILD WINGS, INC. : Expands Share Repurchase Program by $400 Million
02:32p MUFG AMERICAS HOLDINGS CORPORATION : Reports Fourth Quarter and Full Year 2016 Financial Results on Its Website
02:32p Ironshore Pharmaceuticals Announces Closing of $200 Million Financing
02:32p OptimizeRx Integrates with Eye Care Leaders to Deliver Improved Eye Care and Cost Savings on Prescriptions
02:31p G PEL INTERNATIONAL : KGET Provides Marijuana Farm Acquisition Update
Latest news
Advertisement
Hot News 
-30.42%BT slump weighs on European, UK indexes; Generali rallies
-18.13%BT : warns on profit over Italian scandal and UK slowdown
6.45%PFEIFFER VACUUM TECHNOLOGY : Busch announces $1 billion cash offer for Pfeiffer Vacuum
-8.92%EASYJET : hit by weaker pound as low-fare battle rages
-2.96%IG : profit up in volatile markets, clampdown clouds outlook
Most Read News
01/23 SAMSUNG ELECTRONICS : Elec warns of political risks as chips boost fourth quarter profit
05:28a BT : warns on profit over Italian scandal and UK slowdown
06:19a EASYJET : hit by weaker pound as low-fare battle rages
01:40aDJSAP : Lifts Outlook as Expanding Cloud Boosts Profit
04:37a VOLKSWAGEN : U.S. judge approves Volkswagen dealers $1.2 billion settlement
Most recommended articles
01/17DJS&P 500, Nasdaq Futures -- Technical Analysis
08:30a Johnson & Johnson's sales miss; seeks options for diabetes care unit
08:28a E I DU PONT DE NEMOURS AND : DuPont expects Dow merger to close later than expected
08:26a LOCKHEED MARTIN : warns of material weakness in Sikorsky financial statements
08:24a HSBC : to close 117 branches in Britain, cut 380 jobs