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Hong Kong's SME Sentiment Worsens in April

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Business sentiment among Hong Kong's small and medium-sized enterprises (SMEs) weakened in April.

The current diffusion index (DI) on business receipts amongst SMEs slipped to 44 in the contractionary zone in April from 44.3 in March, according to data released Tuesday by the Census and Statistics Department.

The outlook index for May was 47.5, still under the 50-mark signaling contraction.

The business sentiment remained cautious in the month amid the Middle East conflict, according to a government spokesman.

Looking ahead, the situation in the Middle East continues to cause uncertainty for local business sentiment, however, economic growth is expected to provide support.

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