The latest report shows that on the 11th by the HSBC Group, Performance of Services of the emerging market for the second quarter, though strong, manufacturing is only a slight increase in overall economic growth is still a slight decline. HSBC Emerging Markets Index (EMI) for the quarter in the previous quarter 53.6 micro fell to 53.0, the index basis from the PMI data.
The report said that the emerging market services continue to maintain a moderate expansion in the second quarter, but the growth rate declined from a year earlier, marking the smallest increase in the past three years. "BRIC" Brazil's services sector growth hit its lowest level since three quarters; Russia, the slowest growth rate since the first quarter of 2011; In contrast, China's service industry growth rate is the highest in a year and a half years the best performance.
Meanwhile, the Western market demand, there is no significant improvement in the performance of emerging markets, manufacturing activity is relatively weak, new export business for the second consecutive quarter of decline. Among them, Brazil and China's new export orders decline, India, Russia, Turkey and South Korea has increased. Manufacturing performance, showing the polarization of the "BRIC" in the second quarter economic growth, rapid expansion in India and Russia, Brazil and China slow.
The report shows that, with a variety of commodities and crude oil prices continue to fall, manufacturing input prices rose further slowdown, manufacturers and thus can be substantially none other customer in response to the market downturn. In contrast service industries in the second quarter ring of input prices rise to expand, companies continue to improve the level of charges the service price is twelve consecutive quarters of rising. Looking ahead, the emerging markets of services to the optimism about the outlook rose to two years, the highest level of service industries in Brazil and India are most optimistic about the future.
HSBC Group in Eastern Europe and sub-Saharan Africa Chief Economist Murat Urgench, the status of the emerging economies, manufacturing illustrates the plight of the global economic environment, while the service sector growth in the second quarter declined slightly, but still showed some toughness, and the growth level continues to lead in manufacturing. Slowdown and the inflation rate just to give decision-makers to stimulate the growth of space, China and Brazil have taken the lead in emerging economies is expected in interest rates, bank deposit prospective payments and fiscal policy will be the introduction of additional measures.
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