ECONOMICS COMMENTARY
Nov 07, 2013
Emerging market growth picks up at start of Q4
The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, signalled the fastest rise in output in seven months in October. At 51.7, the EMI remained well below its long-run trend level of 54.0. But the latest figure represented an improvement on the trend shown over Q3 (50.3), the lowest of any quarter since Q1 2009 during the global financial crisis.
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