ECONOMICS COMMENTARY
Aug 06, 2013
Emerging market output falls in July
The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell to a new post-crisis low of 49.4 in July, down from 50.6 in June. The latest figure was the first sub-50.0 reading since April 2009, and indicated an overall contraction of output in global emerging economies.
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