Service PMIs
U.S. Minus Euro Area Services PMI Spread Swings Into Black
March 3, 2010
The relative positions of the U.S. and Euroland economies remained little changed in February as seen in the right-most column of the table below. Reported manufacturing PMIs on Monday revealed a sharply diminished U.S. advantage, in part reflecting the lagged effect of euro depreciation on competitiveness. Service-sector purchasing manager indices out today show an offsetting […] More
