Hong Kong's economy saw its seventh consecutive month-on-month expansion last month, according to data from local firms.
But indicators such as business activity, new business and work in hand eased to the lowest rates in months, with new business orders from the mainland continuing to trail overall order-book expansion.
Even though one in five firms reported a month-on-month rise in business activity, last month's rate of growth fell to a six-month low. Both new orders and work in hand expanded at the slowest pace in four months.
Less than 7 per cent of the executives in the survey noted a rise in backlogs of work, down from 12 per cent in June. Only 9 per cent reported increases in the volumes of new orders from the mainland.
For the first time in the ongoing 23-month run of input price inflation, output price growth outstripped rises in input costs, suggesting improved pricing power in Hong Kong firms last month.
