ECONOMICS COMMENTARY
Mar 06, 2014
Emerging market growth slows further
The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI" surveys, fell for the third month running to 51.1 in February, from 51.4 in the first month of 2014. That signalled the weakest growth in global emerging market output since last September, with the EMI also remaining well below its long-run trend level of 54.0.
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