Washington, D.C., November 11, 2014 - Emerging market growth stabilized in October according to the latest update of the IIF's EM Coincident Indicator showing Q4 growth unchanging at 4.0 percent.

"The EMCI for October suggests that growth in emerging markets held up at around the Q3 rate," said Charles Collyns, chief economist at the IIF ' "A' pickup in business sentiment offers some optimism going forward but' merchandise trade slipped back and financial markets continued to weaken."

Among the macroeconomic and financial variables that feed into the EMCI, business sentiment picked up slightly.'  By contrast, hard data in the aggregate slipped back in October and financial variables, notably commodity prices, continued to weaken.

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The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks. For more information visit www.iif.com.