non-manufacturing U.S. and Euroland PMI surveys

U.S. and Euro Area Non-Manufacturing Business Conditions Each Improved Less Rapidly in October than September

November 6, 2018

Service sector activity in the euro area and non-manufacturing activity in the United States continued to expand last month but at a somewhat less robust pace than in September. This development paralleled the trend told by manufacturing purchasing manager indices released earlier this month. The right-most column in the table below, which adds the two […] More

May PMI Results Point to Much Greater U.S. Advantage against Euro Area

June 5, 2018

The U.S. nonmanufacturing PMI, compiled by the Institute of Supply Management rose 1.8 to 58.6 in May, indicating a robust and considerably faster improvement in nonmanufacturing business conditions last month. The sales and prices indices increased by more than 2.0 points to pace the improvement. A U.S. services PMI, compiled by IHS Economics, was 2.2 […] More

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