Kyle Risdahl

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The big economic picture is good.

Sometimes the tighter view is good, too.

So we'll do both.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kyle Risdell.

It is Tuesday.

Today, this one is the 23rd of June.

Good as it always is to have you along, everybody.

We're going to go macro and micro in our approach to the economic news of the day today, global and local, if you will.

We learned this morning, courtesy of S&P Global's Purchasing Managers Index, that's PMI in the vernacular, that growth in both services and manufacturing in this economy picked up in June.

Take a look around at other major developed economies, though, and it is a whole different ballgame.

In the Eurozone overall, business activity contracted for the third straight month, albeit just slightly.

Also, though, some of Europe's biggest economies were some of the weakest.

Germany's PMI had a one and a half year low.

France clawed its way back from a bit more than a two year low.

So Marketplace's Mitchell Hartman explains the good news and the bad news.