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Research Institute: Hongkong PMI Dropped To 33.1 In February.
Xinhua news agency, Hongkong, March, 4 IHS Markit, a market research firm, announced that after February, the purchasing managers' index (PMI) in Hongkong dropped sharply from 33.1 in January to 33.1, the worst performance since July 1998.
The average PMI of Hongkong in the past two months was 39.9, reflecting the decline or aggravation of Hongkong's private sector in the first quarter of this year. Bernard, chief economist at IHS Markit, said that in February, PMI plunged to an all-time low at an unprecedented rate, giving red warning to the private sector during the new crown pneumonia epidemic.
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