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July Markit Flash Eurozone PMI above 50 for the first time in 18 months

After grinding through recession for six consecutive quarters since the economy started to contract in late 2011, Markit Flash Eurozone PMI surprised economists with a jump to 50.4 in July, signaling a return to growth in output by breaking back above

US PMI at 51.5%: Institute for Supply Management

The Institute for Supply Management’s PMI rose to 51.5 last month from 49.6 in August, an increase of 1.9 percentage points and the highest reading since May, above analysts’ estimates of a 49.7 reading. A reading above 50 percent indicates that