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Higher Service-Sector PMI Readings in the United States and Euroland Plus Comments on Other U.S. Statistics Released Today

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

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The service-sector purchasing manager indices rose in November by 0.5 points in the United States and 0.7 points in the euro area.  The spread  between those readings narrowed marginally to +8.0 points as a result.  Notably, U.S. services at 54.7 and comfortably above the 50 no-change level connotes non-stalling expansion, whereas Euroland’s 46.7 points to [...]

larrygreenberg @ December 5, 2012

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