Hong Kong business sentiment in steepest fall in eight months

Closed bars line a street at Lan Kwai Fong in Hong Kong, China,on Dec. 24, 2020. - Bloomberg

HONG KONG (China Daily/ANN): Hong Kong’s business conditions in December saw the steepest downturn since April last year amid supply chain disruptions caused by fresh measures to combat a fourth wave of Covid-19 infections, according to a private sector survey.

The IHS Markit Hong Kong Purchasing Managers’ Index plunged to 43.5 in December from 50.1 in the previous month, signalling a further deterioration in business sentiment after a brief stabilisation.