1001 GMT - Hong Kong's latest PMI indicates a strong rebound in private-sector activity, but no upturn in firms' outlook for the year ahead. S&P Global's headline PMI reading for November signals the strongest improvement in operating conditions since March 2023 as both output and new orders grew. Demand conditions strengthened at home and abroad, with overall new orders rising at the steepest rate since April 2023, says Usamah Bhatti at S&P Global Market Intelligence. Export sales grew for the first time in 13 months. Business expectations remain downbeat, however, despite pessimism moderating from October, he adds. Firms cited concerns regarding the economic outlook, geopolitical tensions and higher trade barriers.(jason.chau@wsj.com)
(END) Dow Jones Newswires
December 03, 2025 05:02 ET (10:02 GMT)
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