Growth in emerging markets further decelerated in May, latest PMI data show.
This was driven by a renewed fall in manufacturing production as US tariffs and elevated uncertainty affected the goods producing sector, S&P Global Market Intelligence noted.
Emerging markets underperformed developed economies for the first time in eight months in May, and India led the emerging market expansion.
This was driven by a renewed fall in manufacturing production as US tariffs and elevated uncertainty affected the goods producing sector, S&P Global Market Intelligence noted.
Emerging markets underperformed developed economies for the first time in eight months in May, and India led the emerging market expansion.
