Thursday, February 6, 2014

HK business conditions improve - index

New figures suggest business operating conditions in the territory improved significantly last month, driven by faster expansion of both output and new business.

The HSBC Hong Kong Purchasing Managers' Index reached 52.7 in January, from December's 51.2. The reading was the highest that has been recorded in 23 months. The bank said the January data indicated that output and new orders were growing at the fastest rate in nearly two years. It also said the growth momentum was likely to continue in the near future.