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Emerging Markets

July 10, 2011 by staff 

Emerging MarketsEmerging Markets, The growth of emerging markets fell to its lowest level in two years in the second quarter reflecting the global economic weakness, the consequences of Japanese tsunami and the impact of recent inflation, according to a report.

Price pressures dropped dramatically in a context of continued monetary tightening by central banks around the world emerging in response to inflationary pressures threatening, according to SABB HSBC Emerging Markets Index (EMI).

The IME is a quarterly economic index developed and published in Saudi Arabia for the HSBC Group and SABB Bank The Saudi British.

The said relief Q2 peak of the input cost inflation of two and a half years, the report said.

The SABB HSBC EMI fell to 54.2, compared with 55 in the first quarter and edges below the series average of 54.8 in the long term.

The moderation in growth reflects an increase in total activity weaker manufacturing output, with the expansion rate of acceleration for the slowest in three quarters.

Meanwhile, service providers reported a slightly faster increase in business, albeit one that was the second slowest since the second quarter of 2009.

Growth rates of production decreased in most manufacturing sectors controlled by the survey, with South Africa and Singapore, the two exceptions.

In emerging Asia, China saw a slower growth in nine quarters marked while production grew at the weakest rate two quarters in Taiwan and South Korea.

India recorded a slower growth in industrial production, although the rate of growth is still considerable, and by far the healthiest of all emerging markets monitored by the survey.

In Europe, particularly sharp slowdown were the Turkey and the Czech Republic, while Russia has experienced moderate growth of activity at least five quarters, EMI said.

The weaker growth in manufacturing output in part reflects a decline in the growth of new order, which in turn was linked to a slowdown in the rate of growth in new export orders.

Of the major emerging markets, Brazil, China and Russia, all reductions in new export orders. Meanwhile, India reported the lowest growth rate of one and a half years, and markedly decreased growth rates in Taiwan and South Korea.

Only a marginal increase in exports was observed in Turkey and Poland, the rate of SABB HSBC said.

Despite falling back to a minimum of six quarters, Spain again recorded the highest rate of growth of all sectors of emerging market services controlled by the EMI, followed closely by Russia, he added. -

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