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By Anne D. Picker, International Economist, Econoday
Monday, June 30, 2003
Next week's economic data could highlight the sharp contrast between a tepid U.S. economy and a eurozone still stuck in recession. The gap should be most apparent in the purchasing managers' surveys where analysts expect a below-50 contraction reading again in the eurozone but an above-50 reading in the U.S. The differential could also be apparent in U.S. and German factory orders. But it all won't be bad news for the eurozone. Monday's figures may show a pick-up in industrial and consumer confidence - albeit from low levels.