标普全球香港5月PMI升至49 但连续4个月跌入紧缩区间

Group 1 - The Hong Kong Purchasing Managers' Index (PMI) rose from 48.3 in April to 49 in May, indicating the smallest contraction in the business environment in three months, but it has remained in the contraction zone for four consecutive months [1] - Businesses in Hong Kong continued to reduce operating activities for the second consecutive month in May, with the reduction level remaining consistent with April [1] - The manufacturing sector experienced the most significant decline among the four major industry sectors, while the drop in new orders showed a slight monthly improvement [1] Group 2 - Employers in Hong Kong's private sector increased hiring in May, marking the first employment growth in four months and the most significant increase since May of the previous year, primarily driven by the manufacturing and construction sectors [1] - Companies further reduced their purchases of inputs in May, with a moderate decline in procurement quantities and a significant drop in inventory levels, reflecting a more cautious inventory strategy among businesses [1] - Despite a slight easing of pessimism regarding future business prospects in May compared to April, sentiment remains historically high, influenced by uncertainties in U.S. trade policies and weak domestic demand [2]