Business activity in Hong Kong deteriorated further in March, a private survey showed on Friday, as demand, output and confidence plunged amid the deepening coronavirus pandemic.
While the adjusted IHS Markit headline Hong Kong Purchasing Manager’s Index edged up to 34.9 in March, from 33.1 in February, it still signaled the second-sharpest deterioration of private sector conditions in the city since July 1998, when the survey began.“Key sectors of the economy such as retail, travel and tourism were decimated by the global coronavirus outbreak.
The trade outlook is also grim for the bustling port as increasing health lockdowns in many parts of the world crush global demand. While China’s factories are gradually returning to work, growth is still well below usual levels and new orders from the mainland remain close to the record low seen in February.
France Dernières Nouvelles, France Actualités
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