purchasing manager survey comparisons
In June, U.S. and Eurozone PMI Trends Converged Somewhat
July 5, 2012
June purchasing manager survey results reflect a dramatic narrowing of the U.S. economy’s advantage over Euroland. The factory PMI spread fell 2.0 points to a 6-month low of 5.0, while the non-manufacturing PMI differential dropped 3.8 points to 4.6. The sum of these spreads, a gauge of U.S. superiority depicted in the right-most column plunged […] More
