HSBC Emerging Markets Index at 52.3 in June

India Infoline News Service | Mumbai |

The pick-up in output growth was reflected in both manufacturing and services in June, most notably the latter where activity growth hit a 15-month high.

The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, indicated stronger output growth across global emerging markets in June. The EMI posted 52.3, up from 50.6 in May, signalling the sharpest rate of expansion since March 2013. That said, it remained below its long-run average of 53.8.
The pick-up in output growth was reflected in both manufacturing and services, most notably the latter where activity growth hit a 15-month high.
Three of the four largest emerging markets contributed to the faster overall rise in output in June. China posted
the sharpest increase in output for 15 months, while India saw the steepest expansion since February 2013.
Russian private sector output stabilised, having fallen at the strongest rate in five years in May. Brazil, however, registered a further flat trend in activity.
Stronger output growth reflected the fastest increase in new orders since March 2013. Meanwhile, the level of outstanding business was unchanged, following a five-month sequence of decline.
Inflationary pressures remained subdued in June, despite input price inflation reaching a four-month high.
Prices charged for finished goods and services continued to rise only fractionally.
 

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