PMI indices in the United States and Europe
U.S. Minus Euroland Manufacturing PMI Spread Narrowed in January
February 1, 2012
The U.S. purchasing managers index rose a full point to 54.1 last month, connoting a relative robust rate of expansion. Meanwhile, the euro zone’s PMI improved twice as fast from a December reading of 46.9 to a January score of 48.8. Being below 50, manufacturing activity contracted in Euroland in both months, but the pace […] More
