The business sector in Hong Kong continued to contract in August, albeit at a slower pace, the latest survey from Nikkei revealed on Wednesday with a PMI score of 48.5.
That’s up from 48.2 in July, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, both output and new orders declined further. Also, firms cut selling prices to boost sales, despite higher costs.
Business confidence sank to a 20-month low.