The S&P Global Hong Kong SAR PMI eased to 51.1 in December 2024, down from 51.2 in November, marking the third consecutive month of private sector expansion, though at its slowest pace in the current sequence. Growth in new business softened as demand from both Mainland China and international markets weakened, leading to slower output growth. Companies remained cautious and opted to reduce staffing levels, although they continued to increase their inventory of input products. At the same time, pricing pressures remained subdued, contributing to the sharpest decline in average selling prices since February 2021, despite rising input costs. Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence, noted: "Subdued external demand was a key factor dampening growth in the final month of 2024, with businesses expressing concerns about trade prospects amid potential US tariffs. This could continue to influence sentiment and economic conditions in the coming year.". source: S&P Global.(Cay) Newsmaker23

Source: Trading Economi