Service U.S. and Euroland PMIs

Europe But Not United States in Recession According to PMI Surveys

November 4, 2011

U.S. economic activity deteriorated last month in both the United States.  Each region recorded a lower purchasing managers reading than in September in both manufacturing and service-sector industries.  However, growth in the United States remains positive, just slower, whereas recessionary conditions intensified in Europe as attested by a third straight sub-50 reading there in manufacturing […] More