WASHINGTON—U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses. Private payrolls increased by 568,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for August was revised lower to show 340,000 jobs added instead of the initially reported 374,000….
US Service Sector Activity Inches Up in September; Shortages Persist: ISM Survey
WASHINGTON—U.S. services industry activity nudged up in September, but growth is being restrained by a persistent shortage of inputs and the resulting high prices as the pandemic drags on. The Institute for Supply Management said on Tuesday its non-manufacturing activity index edged up to a reading of 61.9 last month from 61.7 in August. A…
Taiwan September Exports Set to Rise for 15th Straight Month: Poll
TAIPEI—Taiwan’s exports likely rose for a 15th straight month in September, a Reuters poll showed, boosted by strong demand for electronic goods as the global economy traces its path back to recovery. Taiwan, a global hub for chip production and a key Apple Inc. supplier, is one of Asia’s major exporters of technology goods, and…
European Business Growth Hurt by Supply Issues, Pricing in September: PMIs
LONDON—Business growth across Europe remained strong last month but elevated inflationary pressures put a dent in demand while ongoing supply issues constrained activity, issues which are likely to continue, a survey showed on Tuesday. Although many restrictions imposed to contain the coronavirus pandemic have now been lifted in the region, firms are suffering from shortages…
US Manufacturing Expands Further in September; Shortages, Prices Rising: ISM
WASHINGTON—U.S. manufacturing activity picked up further in September, but factories experienced longer delays getting raw materials delivered and paid higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its index of national factory activity increased to a reading of 61.1 last month from 59.9 in August. A reading above 50 indicates…
Euro Zone Factory Growth Strong in September but Bottlenecks Bite
LONDON—Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks that are likely to persist and keep inflationary pressures high, a survey showed on Friday. Factories have struggled with logistical issues, product shortages and a labour crunch brought about in large part by ongoing disruptions caused by…
German Inflation Accelerates at Record Pace in September
BERLIN—German inflation accelerated at a record pace in September, data showed on Thursday, highlighting growing price pressures as Europe’s largest economy recovers from the pandemic and its companies grapple with supply shortages. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 4.1 percent year-on-year compared with 3.4…
Irish Consumer Sentiment Steady Near Pandemic High in September
DUBLIN—Irish consumer sentiment remained steady in September just below the two-year high recorded in June, a survey showed on Thursday, as the government prepared to lift almost all pandemic restrictions within weeks. The government has named Oct. 22 as its target date to drop most restrictions, with more than 90 percent of the adult population…
European Shares Rebound, but Set to End Volatile September With Losses
September 30, 2021
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European stocks continued their rebound on Thursday from a bruising sell-off earlier this week, but were set for monthly declines on worries about a slowing global economy and higher inflation. The pan-regional STOXX 600 index rose 0.6 percent, led by technology stocks, which were at the centre of the market rout, while miners rose from…
Euro Zone Sentiment Edges up in September, Defies Expectations of Drop
BRUSSELS—Euro zone economic sentiment edged higher in September after a fall in August, boosted by optimism among consumers and in the industry and construction sectors, while inflation expectations continued to rise among manufacturers and consumers alike. The European Commission’s economic sentiment indicator rose to 117.8 in September, from 117.6 in August, after hitting an all-time…
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