Archive for February 5th, 2019

Deeper Analysis

U.S. Nonmanufacturing PMI and Euroland Service Sector PMI

February 5, 2019

Service sector growth slowed last month but remained positive in both the United States and the euro area. The ISM-compiled non-manufacturing PMI fell 1.3 points, while the IHS-compiled Ezone services PMI dropped by 1.0 point. The differential between those two data series narrowed slightly but remained significantly U.S.-advantageous at +6.6 points. The U.S. advantage in […] More

New Overnight Developments Abroad - Daily Update

More Evidence of Weakening Growth in Europe and Trepidation Ahead of President Trump’s State of the Union Address Tonight

February 5, 2019

The conclusion of Euroland’s service-sector and composite purchasing manager surveys tells it all: The business environment is at its most challenging since the height of the region’s debt crisis.” The composite Ezone PMI reading of 51.0 was at a 66-month low, and service sector activity (51.2) was near its 4-year low. From a separate report […] More