The private sector in Hong Kong continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a PMI score of 51.9.
That’s down from 52.9 in November, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Private sector firms in Hong Kong raised their output levels for the fifth month in a row in December. Despite easing from the previous survey period, the rate of growth was solid and among the steepest seen over the past three years. Anecdotal evidence suggested that a sustained improvement in demand conditions had driven the latest increase output.
Companies indicated that overall new business continued to expand at the end of 2025. The rate of growth broadly matched the solid increase seen for output and was the second strongest since April 2023.
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