Emerging market output growth subdued in Sept


  • Business
  • Wednesday, 09 Oct 2013

LONDON: Output growth across emerging markets was subdued in September, making the average for the third quarter the lowest since early 2009, while expectations fell for the first time since June, a survey showed on Wednesday.

The composite HSBC Emerging Markets index for services and manufacturing edged higher to 50.8 in September from 50.7 in August, pointing to a slow recovery as outstanding business continued to fall and new business grew feebly, HSBC said.

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