Emerging Markets Index at new post-crisis low in July

HONG KONG - The HSBC Emerging Markets Index (EMI), a monthly indicator derived from HSBC’s Purchasing Managers’ Index surveys, fell to a new post-crisis low of 49.4 in July, down from 50.6 in June. The latest figure was the first sub-50.0 reading since April 2009, and indicated an overall contraction of output in global emerging economies.