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 SABB/HSBC emerging markets index (EMI) showed.
Emerging market growth remained lacklustre in the fourth quarter of 2011 as an improved rate of expansion in service activity only marginally outweighed a further decline in output from manufacturers, said a report.
The HSBC Emerging Marke
HSBC has launched the largest survey of emerging markets economic data which suggests that emerging markets are likely to lead the global economic recovery.
The HSBC Emerging Markets Index (EMI), compiled with data from over 5,000 purchasi