EMI fell by 3.3 points to 50.6, compared with 53.9 in the second quarter. This is the lowest level since the fourth quarter 2012. EMI is now close to the 50-mark which is the dividing line between optimism and pessimism.
The fact that EMI is close to the 50-mark means that there are just as many export companies that believe in a strengthening as there are that believe in a weakening of export development. It indicates that current sentiment among export companies is normal.