Hint of optimism as HK's Feb private sector PMI above 50

Hong Kong firms signalled an optimistic outlook for the first time in over three years, with sentiment at its highest since September 2014. - AFP

HONG KONG (China Daily/ANN): Hong Kong’s private sector showed signs of improvement in February as Covid-19 infections eased and businesses expanded in the first sign of 12-month-outlook optimism since the start of 2018, IHT Markit said on Wednesday (March 3).

While activity and new orders slowed amid anti-pandemic restrictions and caution among clients, the reduction was at much slower rates than in the previous two months, the information provider wrote in its IHS Markit Hong Kong SAR Purchasing Manager’s Index (PMI) for February.