As we covered a few days ago, looking just at the manufacturing PMIs it is clear that the Eurozone economy is looking much stronger than that of the US. So here's a closer look at the surveys. Sometimes you see a surge in a particular economic indicator and it is not matched by equal or similar improvement in other indicators, so it is important to take a broader view. In this ChartBrief we look at the z-scores or normalized readings of 6 different surveys for the Eurozone and the USA. A couple of things standout, first of all, the Eurozone strength is broad-based with virtually all of the surveys in agreement in ... (full story)