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Steel News

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Home Steel News Hong Kong’s PMI keeps low in Dec
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Hong Kong’s PMI keeps low in Dec

7 Jan 2020 14:38 reported by Jordan Huang

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According to the report from the market, the Purchasing Managers' Index (PMI) for Hong Kong in December might show a monthly increase from 38.5 to 42.1.

Although it seemed to improve a little bit, the index still lower than 50, which meant the economy of Hong Kong was still facing decline.

The main reason for the weak economic performance was caused by the weak demand in domestic and overseas, both decreased the confidence of companies.

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Metal Price Index

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LME Official Bid Price

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