China HSBC services PMI growth at four-month high

* Private sector employment fell in January, ending a three-month sequence of job creation.

* Private sector companies faced a further increase in input costs, with both purchase prices and staff costs rising. Input price inflation was strong and the fastest in 10 months.

Commenting on the Hong Kong PMI survey:

"Hong Kong's steady recovery strengthened into the New Year, boosted further by the renewed expansion of mainland orders," Donna Kwok, HSBC Greater China economist in Hong Kong, said in a statement.

"Robust demand conditions continue to fan inflationary pressures, an issue that will likely resume dominance in policymakers' concerns again by mid-year, especially as business activity picks up additional momentum," Kwok added.

About the Hong Kong PMI:

The data is collected by Britain-based Markit Group Ltd, and the report is sponsored by HSBC .

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.