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HK May markit PMI climbs to 52.5, highest in over 7 yrs

AAStocks · Jun 2, 2021 22:39

The seasonally adjusted Hong Kong SAR Purchasing Manager's Index (PMI) posted 52.5 in May following a reading of 50.3 in April, announced by IHS Markit. This represented the fourth successive month in which the Hong Kong SAR private sector registered stronger business conditions, with the latest improvement the greatest since February 2014.

Source: tradingeconomics.com

SAR private sector picked up pace in May as more easing of the public health crisis restrictions fuelled better economic conditions and business confidence.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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