Monday, October 20, 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.
   
Other Business breaking news:
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Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

More breaking news >>

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