As per the HSBC survey, based on a review of about 7,500 firms in 16 emerging markets, private sector activity across emerging market economies edged higher in August after losing traction in every month since April, and experiencing outright contraction in July. The composite HSBC Emerging Markets Index (EMI) for services and manufacturing, a monthly indicator derived from the PMI surveys, recovered to 50.7 in August from July crisis at 49.5 on the back of modest improvements in business conditions in China and Russia, which helped it to offset a steep deterioration in India and a marginal worsening in Brazil.
Referring to the Indian market activity, HSBC survey highlighted that India posted the steepest rate of decline in output since March 2009. A group of large emerging economies including India, Indonesia, Brazil and Turkey are grappling with deeper supply-side problems, owing to low infrastructure bottlenecks, domestic savings and loss of competitiveness with rising unit labour costs.
HSBC survey further said that manufacturing output remained flat in August in emerging economies as fractional rise in China PMI was weighed down by declines in other Asian economies such as Brazil, while, services activity growth also remained weak. The employment level declined further in August as manufacturing workforce shrank for the fourth month running, while service sector staffing declined for the first time in over four years, albeit marginally. The survey also showed that inflationary pressure in emerging economies picked up slightly in August, with input prices increasing at the fastest rate in six months and output prices also rose for the first time in five months.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: