ECONOMY, MANUFACTURING | Staff Reporter, Hong Kong

Hong Kong's private sector grows at its fastest rate in three years

PMI rose from 49.9 to 51.1 in April.

South China Morning Post reported that Hong Kong’s private sector grew at its fastest rate in more than three years last month thanks to increased global demand for products and services, and despite headwinds from the mainland.

The Nikkei Hong Kong Purchasing Managers’ Index, which gauges business conditions in the manufacturing, services, retail, construction and other sectors, rose to 51.1 last month, up from 49.9 in March.

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