S&P Global's Hong Kong June PMI dropped to 47.8, the lowest in nearly five years for business sentiment.

According to Tang Shui, Hong Kong's private economy continued to contract. The seasonally adjusted Standard & Poor's Global Hong Kong Purchasing Managers' Index (PMI) fell from 49 in May to 47.8, indicating a deteriorating business environment for five consecutive months, with the largest decline since April 2022.