world GDP

U.S. Factory PMI Reading Below Euro Area Score for First Time in 19 Months

August 2, 2010

Manufacturing activity expanded at a slower rate, while the growth in Euroland manufacturing accelerated last month.  The dichotomy in those trends makes sense in light of the the dollar’s 27.5% advance from 1.5149 per euro in late November to 1.1878 in early June.  Both regions had solid above-50 readings between 55 and 57, but Europe’s […] More

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