India, May 5 -- The private sector in Hong Kong continued to expand in April, although at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.6.
That's down from 50.9 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Business activity rose fractionally for the first time in three months, expanding mainly in the service sector according to sub-sector data. The growth in output was supported by businesses working through their existing orders, which led to a seventh successive monthly reduction in the level of outstanding work.
Additional workforce capacity also helped to support the latest rise in business activity and clearing of back...