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Jun 06, 2022 03:52 PM
ECONOMY

Hong Kong Sees Strong Rebound as PMI Surges to Decade High

Visitors ride escalators inside a shopping mall in Hong Kong’s Mong Kok district on April 30. Photo: Bloomberg
Visitors ride escalators inside a shopping mall in Hong Kong’s Mong Kok district on April 30. Photo: Bloomberg

(Bloomberg) — Hong Kong’s private sector expanded in May at the fastest pace in more than a decade as the city continues to recover from its deep, Covid-fueled economic slump. 

The S&P Global Purchasing Managers’ Index rose to 54.9 in May, up from 51.7 in April and the sharpest rate of growth since March 2011. A reading above 50 signals expansion, while anything below indicates contraction. 

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