Less pessimism as hopes grow for a rebound

Business sentiment among Hong Kong's small- and medium-sized enterprises (SMEs) has improved this quarter from the third quarter but remains pessimistic, the Standard Chartered Hong Kong SME leading business index shows.

Growth in the city's gross domestic product will rebound significantly next year, Standard Chartered senior economist Kelvin Lau predicted.

The SME leading business index, compiled by the Hong Kong Productivity Council and sponsored by Standard Chartered, rose to 46.3 this quarter from 42.9 in the previous quarter. A reading below 50 indicates pessimism.

via Business feed http://www.scmp.com/business/economy/article/1063528/less-pessimism-hopes-grow-rebound