Hong Kong PMI Moves Up To 50.7 In November - Nikkei

06 Décembre, 2017, 00:39 | Auteur: Auguste Feret
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At the same time, Russia's Markit PMI - a composite index covering both manufacturing and services - in November grew to 56.3 against 53.2 in October, signaling the fastest composite growth since March.

The result was better than a preliminary reading of 60.2 and lifted the index further away from the 50-point threshold dividing expansions in activity from contractions.

Costs also increased, with survey respondents saying they had to pay more for energy, food, fuel, imported items and staff.

"The Hong Kong's private sector economy is on course to end the year on a positive note", said Bernard Aw, Principal Economist at IHS Markit, which compiles the survey.

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"This paints a disappointing portrait of a sector struggling against Brexit-related uncertainty as fewer jobs were created and overall activity dropped back from October's six-month high", CIPS director, Duncan Brock, said.

Growth in the UK's dominant sector missed expectations in November, a closely-watched index has shown. "But we should be cautious because the economy may come under rising inflationary pressure at the start of next year due to continued price increases".

Also known as the tertiary sector, it accounted for 51.6% of the country's economic output in 2016, up from 50.2% in 2015, and contributed to almost 60% of growth in the gross domestic product, according to the National Bureau of Statistics.

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