Economic Indicators

China’s economic recovery stalls as COVID-19 continues

Growth across a range of Chinese economic indicators pulled back sharply in August, as a new outbreak of the COVID-19 delta variant and tighter government regulations on the property market hit consumer spending and the housing sector.

US applications to start a business fall in August

The Commerce Department said on Thursday that business applications fell 4.7% to a seasonally adjusted 427,842 last month. The data is derived from business applications for tax identification numbers.