Purchasing Managers Survey Shows a Slowdown in Emerging Market Economies

“Emerging-market economies probably grew more slowly in the third quarter as global demand weakened amid a slump in the euro region and the U.S., HSBC Plc (HSBA) said, citing a survey of purchasing managers.

The HSBC Emerging Markets Index, which is compiled by London-based Markit Economics and tracks conditions at more than 5,000 companies, fell to 52.1 from 53.2 in the previous three months, HSBC said in a report today. Expansion was weakest in a year and the second-slowest since the second quarter of 2009 when the global recovery began from the crisis that followed the collapse of Lehman Brothers Holdings Inc., HSBC said.

The International Monetary Fund cut its global growth forecasts yesterday and said that expansion may slow even more unless officials in the U.S. and Europe address threats to their economies. Among the largest emerging markets, Brazil and China underperformed India andRussia, HSBC said.”

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