What is the Emerging Markets Index (EMI)?
The HSBC Emerging Markets Index (EMI) is a composite indicator derived from national Purchasing Managers’ Index (PMI) surveys in the emerging markets of China, India, Brazil, Russia, Taiwan, South Korea, Singapore, Turkey, the Czech Republic, Poland, South Africa, Mexico and Israel. These surveys collectively track business conditions in over 5,000 reporting companies. The HSBC EMI aims to provide the very earliest indication of actual economic conditions in emerging markets, and is based on hard data rather than opinion or business confidence.