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
