CIPS indicators show Hong Kong economy slowing_3
18 July 2012
Figures produced for CIPS show that Hong Kong’s economy is continuing to suffer in line with the global downturn.
The Hong Kong purchasing managers’ index (PMI) has been piloted since 1998 by NTC Research, which produces the monthly PMI surveys for the UK and other European states.
The PMI stood at 42.9 in September, which is well below the 50 mark that indicates no change. It was the eleventh successive month of contraction in the economy. Output and new orders also...