PGJ - Emerging Markets New Business Expands At Fastest Pace In Nearly A Year
2024-05-10 09:30:00 ET
Summary
- Emerging market economic growth was sustained at a solid rate at the start of the second quarter of 2024.
- Cost pressures intensified for emerging market firms as average input prices rose at a faster rate.
- Of the four major emerging market economies, India remained the brightest spot with the rate of expansion far surpassing the other three BRICs economies even as it slowed from March.
Emerging market economic growth was sustained at a solid rate at the start of the second quarter of 2024, according to PMI survey data with well-balanced improvements recorded across both the manufacturing and service sectors. Forward-looking indicators continued to point to further near-term expansions, with new business inflows notably rising at the fastest pace in close to a year....
Emerging Markets New Business Expands At Fastest Pace In Nearly A Year