{"id":9832,"date":"2012-04-12T04:07:46","date_gmt":"2012-04-12T02:07:46","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/emerging-market-growth-speeds-up-in-q1-china-weighs-hsbc\/"},"modified":"2012-04-12T04:07:46","modified_gmt":"2012-04-12T02:07:46","slug":"emerging-market-growth-speeds-up-in-q1-china-weighs-hsbc","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-market-growth-speeds-up-in-q1-china-weighs-hsbc\/","title":{"rendered":"Emerging market growth speeds up in Q1, China weighs-HSBC"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* HSBC EM index rises to 53.4 in Q1 vs 52.4 in Q4 2011<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Manufacturing up for first time in three quarters, China a<br \/>\ndrag<\/p>\n<p><span><\/span><\/p>\n<p>* Service sector continues to outperform manufacturing<\/p>\n<p><span><\/span><\/p>\n<p>* Inflationary pressures ease, EM countries benefit from<br \/>\nflexible policy<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 12 (Reuters) &#8211; Economic growth across emerging<br \/>\nmarkets was the fastest in three quarters in the first three<br \/>\nmonths of this year as manufacturing rebounded and the services<br \/>\nsector accelerated although growth in China slowed, a survey<br \/>\nshowed on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>HSBC&#8217;s emerging markets index (EMI), based on 21 service and<br \/>\nmanufacturing sector purchasing managers&#8217; surveys in 16 emerging<br \/>\neconomies, rose to 53.4 in the first quarter of this year. That<br \/>\nwas up from 52.4 in the fourth quarter of 2011 and further above<br \/>\nthe 50 mark that signals growth in activity.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Compared with Q3 and Q4 there has been some acceleration in<br \/>\nbusiness and service activity in Q1, there has been a bit of an<br \/>\nimprovement,&#8221; said Murat Ulgen, chief economist, central and<br \/>\neastern Europe and sub-Saharan Africa at HSBC.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This is still below the long-term average, it&#8217;s too early<br \/>\nto speak of business as usual. The key reason is that<br \/>\nmanufacturing is being dragged down by China.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The data confirms PMI surveys on individual emerging<br \/>\neconomies released last week.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* HSBC EM index rises to 53.4 in Q1 vs 52.4 in Q4 2011 * Manufacturing up for first time in three quarters, China a drag * Service sector continues to outperform manufacturing * Inflationary pressures ease, EM countries benefit from flexible policy LONDON, April 12 (Reuters) &#8211; Economic growth across emerging markets was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9832"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}