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Emerging Market Growth at 3-Month High

Posted January 16, 2015

Under Economic Issues, International Trade Issues

(RTT News)

Global emerging markets grew at the fastest pace in three months in December, a survey by Markit Economics and HSBC bank showed Wednesday.

The HSBC Emerging Markets Index, or EMI, increased to 51.7 in December from 51.2 in November, signalling moderate growth. This marked the highest score in three months. A reading above 50 indicates growth in output.

Manufacturers and service providers in emerging markets registered subdued growth, though the service sector grew at the fastest pace in three months. Read more here.