Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Hong Kong Purchasing Managers' Index 52.5 January Vs December 51.7

02/04/2013 | 10:10pm US/Eastern
Recommend:
0
   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

Recommend :
0
React to this article
Latest news
Date Title
<1m ago EXTENSION HEALTHCARE : Hires Health IT-Focused Chief Nursing Officer
1m ago Wall Street slips after six-day S&P run; biotechs drop
2m ago GOLDMAN SACHS : JPMorgan seek dismissal of aluminium price-fixing lawsuits
3m ago ASTELLAS PHARMA : Studies from Astellas Pharma, Inc. in the Area of Quality of Life Reported
3m ago & F : CORRECTING and REPLACING - P&F Industries To Report Results For The Three-month Period Ended March 31, 2014
3m ago Blaze Fast-Fire'd Pizza Coming Soon to Washington, D.C. Area With Three Locations
4m ago KENYA COMMERCIAL BANK : Sponsorless Gor to launch funds drive
4m ago FEDERAL HOME LOAN MORTGAGE : Economic Indicator Release
4m ago Studies Conducted at Washington University on Public Health Recently Reported
4m ago ICAHN ENTERPRISES : Other Events, Financial Statements and Exhibits (form 8-K)
Latest news
Advertisement
Hot News 
MATRA PETROLEUM : EGM Statement – Cancellation of trading on AIM
RTC : Board Appointment
ZOTEFOAMS : Unilever to use Zotefoams's MuCell® Extrusion technology for its Dove Body Wash Bottles in Europe
IRONVELD : Shares Jump 26% As Study Confirms Viability Of Iron Project
WEDNESDAY SECTOR LEADERS : Rental, Leasing, & Royalty, Precious Metals
Most Read News
2h ago Wall St. edges down after six-day S&P rally; AT&T falls
1d ago GENERAL MOTORS : GM seeks U.S. court protection against ignition lawsuits
1d ago MCDONALD : Yum Brands' China restaurant sales improve, shares rise
11h ago VERIZON COMMUNICATIONS : : 2014 Data Breach Investigations Report Identifies More Focused, Effective Way to Fight Cyberthreats
1d ago ETHAN ALLEN INTERIORS : Reports results for quarter ended march 31, 2014
Most recommended articles
7h ago Global share rally peters out, euro lifted by PMI boost
2h ago Weaker FTSE 100 gets support from ABF and AstraZeneca
1d ago Barclays joins retreat from commodities as new rules bite
6d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
2m ago GOLDMAN SACHS : JPMorgan seek dismissal of aluminium price-fixing lawsuits
Dynamic quotes  
ON
| OFF