HONG KONG, Jan 4 (Reuters) - Data from the HSBC Hong Kong
Purchasing Managers' Index (PMI) for December:
Dec Nov Oct Sep Aug Jul Jun May Apr
HK PMI 51.7 52.2 50.5 49.6 50.5 50.3 49.8 49.4 50.3
A survey reading above 50 indicates expansion. A figure
below 50 denotes contraction.
* The PMI averaged 51.5 in the fourth quarter, up from 50.2
in the third quarter, marking the highest quarterly reading
since the first quarter of 2012.
* Growth in the volume of new orders received by private
sector companies eased in December from November. New orders
from mainland China fell modestly from November.
* The output index increased for the third consecutive month
in December as economic conditions improved, suggesting the
strongest rate of growth in 10 months.
* Suppliers' delivery times shortened in December. It was
the first reading above 50 since April and the highest in almost
* Employment in Hong Kong's private sector grew modestly in
* Input costs faced by private-sector companies were rising
in December, with both purchase prices and staff costs picking
up from November. Input price inflation slowed slightly from
Commenting on the Hong Kong PMI survey:
'With the fourth quarter's average PMI notably stronger than
the previous quarter's average, and retail sales growth holding
firm, we should see further improvement in the next GDP
release,' Donna Kwok, HSBC Greater China Economist in Hong Kong,
'The softening of new business inflows from China is a
concern, but can be partly attributed to a post-Christmas orders
lull. With healthy local job market conditions still
underpinning domestic demand, Hong Kong's economy looks set to
strengthen through year-end,' Kwok added.
About the Hong Kong PMI:
The data is collected by Britain-based Markit Group Ltd, and
the report is sponsored by HSBC. For more
(For more stories on the Hong Kong economy, click on )
(To read more PMI reports from around the world, click on )
(Reporting by Christina Lo; Editing by Neil Fullick)
Keywords: HOLD HONGKONG/PMI
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