INDY - Rising Costs And Gloomier Prospects Cast Shadow Over Emerging Market Outlook
2024-07-18 07:20:00 ET
Summary
- Emerging market economic growth was sustained at a solid pace in June, despite easing from the one-year high seen in May.
- Further improvements into the second half of 2024 were also hinted by forward-looking order book indicators, albeit with the likelihood of a slower growth pace.
- Easing inflation in the service sector meant, measured overall, output prices rose at a rate largely unchanged on May.
Emerging market economic growth was sustained at a solid pace in June, despite easing from the one-year high seen in May. The expansion was led by manufacturing as service sector growth slowed. Further improvements into the second half of 2024 were also hinted by forward-looking order book indicators, albeit with the likelihood of a slower growth pace. Moreover, optimism cooled midway through 2024, hitting a four-year low. Both manufacturers and service providers were less upbeat in the latest survey period, amid concerns over the economic outlook and rising costs. ...
Rising Costs And Gloomier Prospects Cast Shadow Over Emerging Market Outlook