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The private sector in Hong Kong continued to contract in May, and at a faster pace, the latest survey from Nikkei revealed on Wednesday with a three-year low PMI score of 46.9.
That's down from 48.4 in April, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, declines in both output and new orders gathered momentum. There was a sharper decline in orders from mainland China, while business sentiment remained negative.
Decreased appetite for inputs enabled distributors to improve on their delivery performance. Average lead times shortened for a third successive month in May.
