U.S. and Ezone PMI spreads
U.S. Swings Dominate Recent Volatility in Service Sector PMI Spread
August 3, 2016
A see-saw pattern in the U.S. non-manufacturing PMI since April has caused the spread between such and the eurozone services purchasing managers index to exhibit trendless volatility. The differential equaled +2.6 in both April and July. But in between, the spread was -0.4 in April by +3.7 points in May. With above-50 readings in July […] More
