Emerging market output rose at its fastest rate in three quarters in Q1 2012
Emerging market output rose at its fastest rate in three quarters in Q1 2012 as a resumption of manufacturing growth supplemented continued expansion in service activity, the HSBC Emerging Markets Index (EMI) shows. Delivering some of the bounceback-ability highlighted in the previous report, the EMI rose to 53.4, from 52.4 in Q4 2011, reflecting a sustained expansion of activity at service providers, with growth reaching a three-quarter peak. Manufacturers meanwhile saw output increase for the first time in three quarters, albeit at a marginal rate.
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