Hong Kong business sentiment rises in Oct with PMI at a 30-month high

HONG KONG (China Daily/ANN): Hong Kong’s business sentiment rebounded significantly in October, as the city’s Purchasing Managers’ Index surged to 49.8, the highest since March 2018, with sentiment the least negative since June 2019.

With business activity and new sales falling at much slower rates than in recent months, the latest seasonally adjusted IHS Markit PMI saw Hong Kong’s private sector stabilize further during October amid an easing of the Covid-19 pandemic.