HSBC Emerging Markets Index Falls From 51.7 to 51.2 But Manufacturing Was Up

The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the Purchasing Managers’ Index (PMI) surveys conducted by HSBC and Markit, fell back from December’s three-month high of 51.7 to 51.2, the joint-lowest since last May. The overall slowdown was driven by the weakest expansion in services activity in eight months. However, manufacturing output growth picked up to the fastest since August.

To read the whole report, HSBC Emerging Markets Index: Emerging markets start 2015 in low gear, go to the website of HSBC.

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