The manufacturing sector in Hong Kong continued to contract in October, the latest survey from Nikkei revealed on Wednesday with a PMI score of 46.6.
That’s a three-month high, and it’s up from 45.7 in September, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, rates of decline in employment, new orders and output all were down in October, while there was a substantial decline in new business from mainland China.
Also, companies reduced their charges to the greatest extent in six months.
The material has been provided by InstaForex Company – www.instaforex.com