service-sector PMIs in the U.S. and euro area

Considerable contraction of U.S.-minus-Euroland PMI differential

February 4, 2015

A 2.0-point reduction of the spread between the U.S. and Euroland factory purchasing managers differential was revealed at the start of this week.  To that relative improvement in the euro area’s situation, a 0.9-point drop in the service-sector PMI differential was learned today.  In the two months since November, the sum of these two spreads, […] More