ECONOMICS COMMENTARY
May 08, 2014
Emerging market output growth remains weak
The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, continued to indicate only a marginal increase in output across global emerging markets in April. The EMI posted 50.4, from 50.3 in March, well below its eight-and-a-half year long-run trend level of 53.9.
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