The aggregate Purchasing Managers Index (PMI) of open Emerging Markets reached a six-year high. This indicator signals that growth is set to accelerate further. Accordingly, domestic demand is picking up. Many economies - such as Poland, Mexico, Turkey, and the Philippines - are operating at near full capacity, which is supportive of investment. But running at full capacity may trigger more inflation in the short run.
emerging-markets-open-to-trade-are-booming-05feb18.pdf