Friday, October 24, 2014   

Better business conditions in HK: survey
(03-05 12:12)

Hong Kong saw improvement in business conditions in February, as the HSBC Hong Kong Purchasing Managers’ Index rose to 53.3 in January, reaching a 35-month high. The reading was 52.7 in January, indicating a slower expansion.
"The return of employment to growth is encouraging and consistent with the better than expected labour market data in recent months," John Zhu, HSBC economist in Asia, said.
Staffing costs rose in a slower pace, suggesting that the economy has enough spare capacity to handle higher demand while keeping inflationary pressures anchored, Zhu noted.
   
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