Germanyâs exports fell in July, reinforcing expectations that Europeâs largest economy will see slower demand for its goods as the global economy runs into headwinds.
The U.S. economy sheds 54,000 nonfarm jobs in August, fewer than forecast, as the health-care and temporary-staffing industries show expansion and thus soften the blow from the layoff of temporary Census workers.
Growth slows in the U.S. non-manufacturing sector during August, as the Institute for Supply Management reports a reading of 51.5%, down from 54.3% in July. Several component gauges within the index register decline.
A closely-watched survey of purchasing managers raises worries among economists that the overall U.K. economy could slow significantly in the third quarter.
The number of people filing first-time claims for unemployment benefits remains at an elevated level, although Labor Department data show this figure down by 6,000 to a total of 472,000 in the week ended Aug. 28.
Pending home sales in July rose 5.2% from downwardly revised June levels, the National Association of Realtors reports, though the indicator shows the market for existing homes is still depressed after the expiration of a key tax benefit.
U.S. private-sector employment fell 10,000 in August, according to the ADP employment report released Wednesday, breaking a six-month run of increases.
Activity among the nation's manufacturing firms picked up for the first time in four months, according to a closely followed survey of executives released Wednesday.
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