Hong Kong business activity slumps further in July amid virus spike

HONG KONG (Xinhua): A private survey showed Wednesday (Aug 5) that the business activity contracted further in Hong Kong as the worsening Covid-19 epidemic weighed on business confidence.

The Purchasing Managers' Index (PMI) for Hong Kong compiled by consulting firm IHS Markit dropped to 44.5 last month from 49.6 in June.

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