Growth in emerging markets slipped to its slowest in four months in January, HSBC’s composite index revealed as it slipped to 51.4 — off the 51.7 average for last year and well down on the 54.1 registered in the same month a year earlier
The survey covers services and manufacturing activity in catch-up nations and any reading above 50 indicates growth. Emerging markets have been hit hard by concerns about the impact of a winding down of the US Federal Reserve’s monetary stimulus. Growth slowed in China and fell in Brazil, Russia and India last month. But there was a better performance from Poland and Mexico.