Economics

Hong Kong PMI Contracts, Sentiment Turns Negative on Virus Surge

Covid cases hit record Monday, with 614 new cases reported
Purchasing manager index drops to lowest since January 2021

Members of the public stand in line for a Covid-19 test in the Central area of Hong Kong on Feb. 4.Photographer: Paul Yeung/Bloomberg

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By Enda Curran

February 8, 2022 at 1:59 AM UTC

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A measure of economic activity in Hong Kong contracted in January for the first time in 11 months as the government imposed new restrictions amid a new wave of Covid-19 infections.