Markit Economics and HSBC Bank released its index the emerging markets on Thursday. The Emerging Markets Index fell to 50.7 in May from 51.3 in March. It was the lowest level since May 2014.
A reading above 50 indicates an expansion of the activity.
The fall was driven by a decline in services and manufacturing sectors.
"Growth of emerging markets ground almost to a halt in May, according to the latest PMI surveys, highlighting the deepening malaise facing many parts of the global economy," Markit's Chief Economist Chris Williamson noted.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.