2024-09-13 02:20:00 ET
Summary
- Emerging market economic growth slowed midway through the third quarter of 2024, according to S&P Global's PMI surveys.
- The PMI surveys compiled globally by S&P Global found that rate at which output expanded across the emerging markets collectively slowed for a third successive month, unfolding at the joint-slowest pace since October 2023.
- Diving into the conditions across the four major emerging market economies, India continued to lead growth with an unchanged rate of expansion in August.
- With the US Federal Reserve expected to lower interest rates imminently in September, the focus is also on further potential moves in the emerging market space.
Emerging market economic growth slowed midway through the third quarter of 2024, according to S&P Global's PMI surveys, but remained relatively more broad-based compared with developed markets as both manufacturing and service sector continued to expand. The slowdown in manufacturing output expansion is nevertheless worth monitoring, particularly with trade conditions having worsened for the first time in 2024....
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Emerging Market Growth Decelerates In August While Price Pressures Ease
