U.S. and eurozone PMI indices

Greater Convergence of U.S. and Eurozone Economies

June 3, 2015

1Q15 was one of the rare quarters since the Great Recession when real GDP expanded faster in the eurozone than the United States, and the purchasing manager surveys suggest that wasn’t a one-quarter aberration.  A 1.9-point spread between the U.S. non-manufacturing PMI of 55.7 and Eurolands service sector PMI of 53.8 was that differential’s narrowest […] More