Market index demonstrates production growth in emerging sector
Revised Article:
Heads up, folks! Let's chat about the SABB/HSBC Emerging Markets Index (EMI) in August. After hitting a post-crisis low in July, it managed to bounce back a tad bit, but the score of 50.7 is still one of the lowest in over four years. Despite this recovery, it's a teensy bit of a victory lap - it's the first rise since March.
Manufacturing output remained fairly stagnant in August. A minimal uptick in China was offset by declines in other Asian economies and Brazil. Services activity also stayed weak. Among the big boys, China and Russia saw a small increase in output following July's drop, while Brazil experienced another marginal dip. India posted the steepest decline since 2009.
New business growth resumed in August, but only barely. Manufacturing new orders didn't change much from July. Job losses continued in August, with the manufacturing sector losing workers for the fourth month straight, and the service sector seeing its first decline in staffing in over four years, albeit slightly.
The EMI report showed a slight increase in inflationary pressures in August, with input prices climbing at the fastest rate in six months. Output prices also rose for the first time in five months. In Egypt, non-oil producing private sector firms reported a significant contraction in output in August, linked to political instability and ongoing demonstrations. New export orders also dropped sharply, and supplier delivery times worsened for the ninth month in a row.
Things looked a bit brighter for Saudi Arabia's non-oil producing private sector firms, as output surged at an accelerated pace. This surge was backed by a solid rise in new order intakes, thanks to improved market conditions, increased marketing and sales efforts, and stronger client demands from foreign markets.
As for Q3 2021, emerging markets faced a mixed bag of conditions. Factors like COVID-19 developments, vaccine rollouts, commodity prices, and monetary policies from major central banks influenced the performance of the SABB/HSBC EMI, leading to some volatility. However, for specific data and a detailed analysis of the EMI trend in Q3 2021, you'd need access to financial reports or market analytics from that time. That info isn't readily available in the search results provided.
- The SABB/HSBC EMI in Saudi Arabia's business sector saw a significant surge in output in August, driven by increased new order intakes.
- Amidst the mixed conditions in Q3 2021 for emerging markets, the art industry in Arabia witnessed various projects, collaborations, and exhibitions of modern and contemporary art.
- Despite the overall weak services activity, the financial sector in Saudi Arabia experienced growth, with increasing business activities and foreign investments.
- In the industry sector, Saudi Arabia's business leaders announced ambitious plans to diversify the economy and invest in new industries such as renewable energy and technology, enhancing the overall business and finance landscape.
