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Output indices shoot down in emerging economies: HSBC
Mumbai: Owing to the drop in the manufacturing segment, business activities across the emerging
nations witnessed a downfall for the first time since four years. As per the July business index,
outlining the contraction in the manufacturing index, a consideration divergence was also
highlighted in the developed and emerging economies.
Additionally, the composite HSBC Emerging Markets index for services and manufacturing dropped
to 49.4 in July from the June index which stood at 50.6. Commenting on the performance index,
Frederic Neumann, HSBC’s Co-Head, Asian Economic Research, “Emerging markets are not yet
witnessing a lift from stabilizing demand in the United States, Europe and Japan.” He further
highlighted the cyclical downfall in manufacturing and softer service sectors as main risks hindering
the growth pace of emerging economies.
A considerable fall was also outlined in the new business activities since the four years, wherein
China, India and Brazil received less new work in July. Russia on the other hand registered its slowest
ever growth in nearly three years.
EPC World News Burea
303, 3rd Floor, Hilton Centre, Sector – 11, CBD Belapur, Navi Mumbai – 400614
Tel : 91 22 41610808 Fax : 91 22 27577770
Email : marketing@epcworld.in
Website : www.epcworld.in

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Output indices shoot down in emerging economies hsbc

  • 1. Output indices shoot down in emerging economies: HSBC Mumbai: Owing to the drop in the manufacturing segment, business activities across the emerging nations witnessed a downfall for the first time since four years. As per the July business index, outlining the contraction in the manufacturing index, a consideration divergence was also highlighted in the developed and emerging economies. Additionally, the composite HSBC Emerging Markets index for services and manufacturing dropped to 49.4 in July from the June index which stood at 50.6. Commenting on the performance index, Frederic Neumann, HSBC’s Co-Head, Asian Economic Research, “Emerging markets are not yet witnessing a lift from stabilizing demand in the United States, Europe and Japan.” He further highlighted the cyclical downfall in manufacturing and softer service sectors as main risks hindering the growth pace of emerging economies. A considerable fall was also outlined in the new business activities since the four years, wherein China, India and Brazil received less new work in July. Russia on the other hand registered its slowest ever growth in nearly three years. EPC World News Burea 303, 3rd Floor, Hilton Centre, Sector – 11, CBD Belapur, Navi Mumbai – 400614 Tel : 91 22 41610808 Fax : 91 22 27577770 Email : marketing@epcworld.in Website : www.epcworld.in