S&P Global: Hong Kong's September PMI falls to 49.2, in contraction territory for two consecutive months
In terms of sub-index data, the business output index edged up to 49.4 in September, higher than 49.2 in August, but likewise recorded contraction for a second consecutive month; as for the new orders index, it picked up compared with the previous month.
S&P Global released its latest data on October 6, showing that Hong Kong's overall economic Purchasing Managers' Index (PMI) came in at 49.2 in September 2026, down 0.3 points from 49.5 in August, hitting a new low since April 2026 and remaining in contraction territory below 50 for a second consecutive month (above 50 indicates expansion, below 50 indicates contraction). The index stood at 50.4 in the same period last year.
In terms of sub-index data, the business output index edged up to 49.4 in September from 49.2 in August, but also recorded contraction for a second consecutive month; the new orders index, meanwhile, rebounded from the previous month.
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