non-manufacturing U.S. and Euroland PMI surveys

U.S. Nonmanufacturing PMI Survey and Euroland Services PMI Survey Show Slower Rates of Expansion in March

April 5, 2018

The ISM-compiled U.S. non-manufacturing purchasing managers index slipped back 0.7 points to a 3-month low in March 0f 58.8, which was still very robust. Increases of 1.6 points in the employment sub-index and 0.5 points in prices mitigated declines of 5.3 points in orders and 2.2 points in sales. The IHS-compiled Euroland services PMI dropped […] More

Further Shrinkage of U.S. Economic Advantage against Euroland

January 6, 2014

The U.S. service-sector purchasing manager index fell 0.9 points to 53.0, a 17-month low.  Euroland’s comparable PMI slipped just 0.2 points, causing the differential between the two indices to drop to only 2.0 points, down from 7.9 points in August.  The sum of the non-manufacturing and manufacturing spreads, shown in the rightmost column below, was […] More

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