ECONOMICS COMMENTARY
Apr 04, 2013
Emerging market growth remains subdued in March despite Chinese pick-up
The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was little-changed from February's 52.4 in March, posting 52.6. That indicated a subdued rate of economic growth in global emerging markets. However, the average EMI reading for the first three months of 2013 (52.9) exceeded those in both the third and fourth quarters of 2012.
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