Economy & PolicyUS civilian-worker compensation costs increased 0.8% in the three months through September. Benefits rose faster than wages in the quarter; the Employment Cost Index is not a payroll-job count or take-home-pay measure.
Economy & PolicyEurostat estimated that euro-area GDP increased 0.4% in Q3, with the wider EU up 0.5%. This is a preliminary flash reading based on incomplete information, not the final national-accounts result.
Economy & PolicyChina’s official manufacturing survey moved below the 50 threshold in October, while non-manufacturing activity also weakened. The seasonally adjusted diffusion indexes describe survey conditions, not the percentage change in GDP.