Emerging Markets

Get a snapshot of current economic and financial market conditions of emerging markets. MacroVar characterizes emerging markets the largest 18 countries in the world in terms of GDP. Click any country to view a detailed analysis of the country's current economic and financial conditions.

Emerging Markets Economic Growth

MacroVar Emerging Markets index is a gauge of developed markets economic grwoth. It is a weighted average of the Manufacturing PMI of the largest emerging 19 economies in the world weighted by each country's GDP. A value higher than 50 indicates growth while a value lower than 50 contraction.

Emerging Markets Manufacturing PMI

Emerging Markets growth Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Emerging Markets Manufacturing PMI gl.emanpmi

Emerging Markets Economies

Get a snapshot of current economic and financial markets of emerging markets. MacroVar characterizes developed markets the largest 19 countries in the world in terms of GDP.

Business Confidence MV Model Economic Growth Monetary Government (%GDP) Markets (Y/Y%)
CountryClick on each country link to view each country's macroeconomic and financial data analysis
M.PMIManufacturing PMI
GRGrowth Momentum
INFLInflation Momentum
GDPReal GDP Value
GDP YYReal GDP Year on Year % Change
UEUnemployment Rate
CPIConsumer Price Index used to measure Inflation
CBCentral Bank rate %
M2M2 Money Supply Year on Year Change
B/SBalance Sheet Year on Year Change
FX ResForeign Exchange Reserves
S/DGovernment Surplus / Deficit
DebtGovernment Local Debt
E. DebtExternal Debt
CACurrent Account
StocksStocks Year on Year change
BondsBonds Year on Year change
YCYield Curve year on year change
FXFX year on year change
CDSCDS year on year change
Emerging Index
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
China
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
India
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
South Korea
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Russia
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Brazil
53.7M. PMI Year on Year: -- M. PMI 12 MA
297300 1 14.7 8.06 2 3922520 4052470000 353448 -13.4 75.79 636720 5660 130208 9.24 1.56 5.06 163.38
Mexico
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Indonesia
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Turkey
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Taiwan
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Poland
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Thailand
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Philippines
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Hong Kong
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Malaysia
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
South Africa
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Vietnam
43.2M. PMI Year on Year: -- M. PMI 12 MA
1189220 4.48 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Czechia
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2
Hungary
43.2M. PMI Year on Year: -- M. PMI 12 MA
20494 -1.2 12.2 4.24 0.8 -2.8 8.65 121313 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2

Emerging Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Emerging Bond Risk RISK.EMRISK -0.13 0.5 -0.75 -0.66099 48.9942 -255.55 -141.71 -113.51 0.12414
Emerging Markets Bonds (EMB) EMB 97.55 -0.5 -0.75 -2.72688 44.7816 -0.00408 0.02673 -0.05254 -0.10742
MSCI Emerging Markets MSCI.EMERGING 1122.98 0 -1 -2.32842 45.8856 0.00183 0.03438 -0.08832 -0.14695
Emerging Markets ETF EEM 45.97 0 -0.75 -1.71785 53.0297 0.01704 0.011 -0.00304 -0.13379
JP Morgan Emerging Market Bonds Risk EMB 112.4 0.5 1 0.86911 57.8997 0.09 0.22 1.43 0.01025
Emerging Currency Strategy Fund CEW 17.56 1 0.25 -0.46318 66.8983 0.01327 0.0251 0.02871 -0.01015
VXEEM VXEEM 20.65 0 -0.5 -0.38794 52.1365 11.8 1.28 -0.48 0.45873
CDX Emerging Markets Index EM.CDXEM 277.28 0.5 0.75 2.38341 48.7198 0.02753 -0.20411 0.25319 0.53202
EM Y/Y vs Global PMI Y/Y EMPMI.FACT.GLOBALPMI
EEM/SPY EEMSPY.SPREAD 0.0995162 -1 -1 -1.71587 37.8418 -0.01275 -0.02476 -0.07998 -0.26025
EM Y/Y vs EEM Y/Y EEM.FACT.EMPMI 49.69
EM Y/Y vs 10Y Y/Y EMPMI.FACT.US10Y 0.93
EM Y/Y vs DXY Y/Y EMPMI.FACT.DXY 91.297
EM Y/Y vs US 10Y Y/Y EMPMI.FACT.US10Y
EM Y/Y vs DXY Y/Y EMPMI.FACT.DXY
EEM Y/Y vs EMB Y/Y EEM.FACT.EMB
EEM/CDX EM EEM.CDXEM 0.02 1.01 3.09 7.53
EMB/TLH EMBTLH 0.332893 0.5 -0.25 -0.92627 53.6949 0.0062 0.08102 -0.05578 -0.1421

Emerging Markets Risk Model

Risk Management model

Last
Signal
-1 Week
-1 Month
-3 Months
-6 Months
Momentum
0.38
0.35
0.2
0.27
-0.15
0.12
0.13
0.21
0.43
0.28
-0.88
-0.78
-0.72
-0.86
-0.86
-0.39
-0.33
-0.13
-0.06
0.06
-0.49
-0.43
-0.41
-0.18
-0.49
-0.52
-0.52
-0.48
-0.48
-0.39
-0.19
-0.35
-0.16
0.33
-0.57
MacroVar Risk Index MacroVar Risk Index
Stock risk Stock risk
Credit risk Credit risk
Currency risk Currency risk
Emerging Markets risk Emerging Markets risk
Liquidity risk Liquidity risk
Bond risk Bond risk
Signal
Last
1 Week ago
1 Month ago
3 Months ago
6 Months ago
Momentum
MacroVar Risk Index MacroVar Risk Index
0.38
0.35
0.2
0.27
-0.15
Stock risk Stock risk
0.12
0.13
0.21
0.43
0.28
Credit risk Credit risk
-0.88
-0.78
-0.72
-0.86
-0.86
Currency risk Currency risk
-0.39
-0.33
-0.13
-0.06
0.06
Emerging Markets risk Emerging Markets risk
-0.49
-0.43
-0.41
-0.18
-0.49
Liquidity risk Liquidity risk
-0.52
-0.52
-0.48
-0.48
-0.39
Bond risk Bond risk
-0.19
-0.35
-0.16
0.33
-0.57

Emerging market risk model

Emerging market risk is modeled by monitoring credit risk in emerging markets. Credit risk is the likelihood that a company or a government goes bankrupt and the amount the investor loses if it happens. Credit risky securities include corporate debt securities like corporate bonds and bank loans and sovereign debt. Credit default swaps are widely used derivatives used in credit risk management to describe market perceptions of credit risk for a specific government or corporation. Credit default swaps (CDS) are derivatives contracts which by construction aim at quantifying the risk of default of a counterparty. Therefore, CDS written major financial institutions or corporations are early signals to monitor and detect elevated credit risk conditions in the global financial system.

MacroVar monitors CDX emerging markets index. CDX emerging markets index is composed of fifteen sovereign entities that trade in the CDS market. Extreme values of z-scores greater than two indicate elevated credit risk conditions and vice-versa.