After 7 months, the Standard & Poor's Global Hong Kong PMI rose to 50.7 in August for the first time.

The August Hong Kong Purchasing Managers' Index (PMI) of S&P Global rose to 50.7, significantly higher than July's 49.2, marking the first time in seven months that it has returned to expansion levels above 50, reflecting a significant improvement in the business environment. Overseas and mainland orders continue to decline, impacted by US tariff measures, but businesses are ramping up production again, with overall order demand remaining relatively stable, mainly supported by the local Hong Kong market. With business operations becoming more active and order demand stabilizing, private enterprises are increasing manpower again, albeit with a slight increase. The pace of tightening of purchasing activities has slowed down. The price of raw materials is climbing, leading to further increases in input costs, but the increase is modest compared to the previous month, while output prices remain generally stable. S&P Global points out that several leading indicators are still declining, with businesses continuing to work through outstanding orders and further reducing purchasing activities, indicating that business production may rely on clearing backlogged orders as support.