DFEV - Emerging Markets Expand At Fastest Pace In A Year While Cost Pressures Rise
2024-06-12 04:05:00 ET
Summary
- Emerging market economic growth accelerated midway through the second quarter of 2024, according to PMI survey data.
- Intensifying cost pressures was a continuing theme for emerging markets, however, even though the rate of cost inflation paled in comparison with developed markets.
- Detailed emerging market sector data revealed that the rates of expansion across the manufacturing and service sectors rose to the fastest in 23 and 11 months, respectively.
Emerging market economic growth accelerated midway through the second quarter of 2024, according to PMI survey data. The expansion in activity was the fastest in a year, supported by solid improvements in both the manufacturing and service sectors. Forward-looking indicators further pointed to the expansion sustaining in the near term, as new business rose at the fastest pace since last May....
Emerging Markets Expand At Fastest Pace In A Year While Cost Pressures Rise