Standard & Poor's global April Hong Kong PMI fell to 48.6, business sentiment hits ten-month low.

According to the WiseFinance APP, the business confidence in Hong Kong has declined for two consecutive months. The Standard & Poor's global Hong Kong Purchasing Managers' Index (PMI) for April dropped further from 49.3 in March to 48.6, reflecting a continued sluggish business sentiment and a tightening pace accelerating to the fastest in 10 months.