Feeble recovery haunts Hong Kong’s private sector

No noticeable growth recorded in October.

Hong Kong's private sector economy has stopped shrinking but failed to register any palpable growth.

A survey by Markit Economics and HSBC Bank revealed new business received by companies in HK remained broadly unchanged from September. Ominously, incoming new work from Mainland China fell at a faster rate than in the previous month.

Overall output in Hong Kong's economy rose for the second consecutive month in October, but marginally. Employment fell further during September and the rate of fall was the biggest since July.

Input price inflation faced by private sector firms slowed to a moderate pace. Output prices increased as firms passed on higher costs to clients.