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Hong Kong PMI climbs to 51.3 in July

Hong Kong PMI climbs to 51.3 in July

HONG KONG: Business conditions in Hong Kong continued to improve in July, the latest survey from Nikkei showed on Thursday with a PMI score of 51.3.

That’s up from 51.1 in June, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction. Individually, growth in new orders and output accelerated, while buying activity was up at the fastest rate in more than six years. Slower cost inflation led to a modest rise in charges.