India, Feb. 4 -- The private sector in Hong Kong continued to expand in January, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a PMI score of 51.0.
That's down from 51.1 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Business activity across the private sector economy expanded for the fourth month running, but the rate of expansion was the weakest seen over this period. Wholesale & retail was the best performing segment in January, while sharp declines in manufacturing production and construction output acted as a brake on overall growth.
New orders increased only marginally in January, with the rate of growth remaining much softer than...