Hong Kong Business PMI Climbs To 49.9 - Nikkei

The private sector in Hong Kong continued to contract in March, albeit barely, the latest survey from Nikkei revealed on Thursday with a PMI score of 49.9.

That's up from 49.6 in February, although it remains below the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output expanded for the first time in nearly two years, although new orders continued to decline.

Also, firms cut prices despite ongoing cost inflation.

News are provided by InstaForex