Global manufacturing continued to expand strongly in August, according to the latest PMIs, adding to evidence that global growth held up well in Q3.

The aggregate savings rate in advanced economies has fallen sharply over the past two years, but household finances are still in much better shape than they were before the financial crisis. Claims...

Preliminary PMIs, which were published by Markit today, point to continued strong growth in the world’s largest advanced economies in August.

Consumer confidence in advanced economies has reached its second highest level since 2001. This suggests that consumption growth will hold up well despite subdued real income growth.