$HongkongLand USD (H78.SG)$ Hong’s Kong’s private sector act...

The city’s purchasing managers’ index rose to 50.1, just above the 50 mark. S&P said the rise was supported by improvements across both new business and activity gauges, which reflected only mild contractions.

However, there were some cost pressures.

Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence, said that “firms were limited in their ability to pass on rising costs in November as overall input prices rose at a quicker rate.”

“Companies appear to be caught between raising remunerations to hold onto staff and keeping prices low to retain customers,” she added.