Emerging Markets Growing at Quickest Pace in 7 Months, HSBC Says - Bloomberg

Emerging Markets Growing at Quickest Pace in 7 Months, HSBC Says - Bloomberg:

"Emerging-market economies grew last month at the quickest pace since March as global demand for manufacturing and services improved, HSBC Holdings Plc 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, rose to 51.7 in October from 50.7 in September, HSBC said today in a report. A value of more than 50 indicates expansion, while less than 50 signals contraction.
While the International Monetary Fund cited weakness in emerging-market economies as it cut its global growth forecast for this year and next on Oct. 8, the U.S. Federal Reserve’s decision last month to maintain monetary stimulus has provided a boost to developing nations."

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