Hong Kong's Private Sector Activity Gathers Pace in June

Hong Kong's private sector activity expanded in June, showing a second consecutive monthly improvement in business conditions, with the rate of growth the strongest since February, S&P Global showed Monday. The latest seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index stood at 52.0, compared with 50.4 from the previous month. The growth in output in June accelerated to a four-month high, while new order inflows across the private sector economy increased for the second month in a row during the period.