Hong Kong SME Revenue Index Rises To 44.1 In August

Hong Kong's current business receipts index for small and medium-sized enterprises rose to 44.1 in August from 43.8 in July, remaining in contraction territory, according to Ming Pao. The outlook index for business receipts over the next month, or September, was 47.6. By sector, the current receipts index improved in August from the previous month in several industries covered by the survey, notably catering, which rose to 44.0 from 40.2, and real estate, which increased to 48.5 from 45.2. An index above 50 indicates business conditions are generally favorable, while below 50 indicates the opposite.