Service sector PMIs
Hoping for Strong Action at EU Summit
December 5, 2011
Markets for now are giving the benefit of the doubt to an agreement at week’s end by European politicians to take stronger action to save the euro. Equities are 1.1% firmer in Paris and show gains of 0.5% in Germany and Great Britain. In the Pacific Rim, share prices were mixed, with declines of 1.4% […] More
U.S. Activity Still Increasing as Ezone PMI Readings Drop Below 50
October 5, 2011
Economic conditions have deteriorated much faster in the euro area than the United States according to September purchasing manager survey results. Readings above 50 imply expansion, while those below 50 signify contracting activity. As scores move further from 50, the rate of change or second derivative becomes more pronounced. A drop in the U.S. services […] More
