HK business activity up; first rise since July

Hong Kong business activity grew last month, reversing a five-month contraction, as the strong employment market helped to underpin local consumption. The Hong Kong purchasing managers’ index (PMI) compiled by HSBC and Markit stood at 51.9 points in January. A reading above 50 denotes growth and anything below denotes contraction. It was the first positive figure since July.
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