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August 2013 Global Economic Analysis (Emerging Economies)
For the month of July, the EMI fell to a new post-crisis low of 49.4, down from 50.6 in June. This was the first sub-50.0 reading since April 2009, and indicates an overall contraction of output in global emerging economies.
Asian manufacturing remains weak, while goods production also falls in Russia, Brazil and Mexico. Output fell across the four largest emerging economies, the first broad-based contraction since March 2009.