Hong Kong Economy
Written by: Zhang Weilun
2021-03-03 00:00
The last update date: 2021-03-03 09:21
IHS Markit announced that the Hong Kong Purchasing Managers Index for February was 50.2, an increase of 2.4 from the previous month, and it was above 50 for the first time in three months, reflecting the slight improvement in the local private economy.
At the same time, it pointed out that the volume of corporate business and the volume of new orders still fell in February, but the decline has been significantly narrowed compared with the previous two months.
IHS Markit pointed out that the decline in order volume was the smallest in three months, which is a positive sign.
IHS Markit said that the number of employees in the company remained stable in February, reflecting the fact that the company was able to clear the backlog of work on hand due to the decline in new orders.
In terms of purchase prices, IHS Markit pointed out that purchase prices have risen sharply, which directly pushes up overall input costs.
Due to rising raw material prices, procurement cost inflation has accelerated for three consecutive months, and the index increase in February was the largest increase since July 2018, but the cost of hiring employees fell slightly.
Hong Kong Economy
