Wells Fargo Weekly Economic & Financial Commentary, September 6, 2013

  • by BPC Staff
  • on September 9, 2013

In This Issue:


Mixed Signals About Third Quarter Growth

• The August employment report signaled continued modest job growth. Nonfarm payrolls rose 169,000 while the unemployment rate edged down slightly to 7.3 percent.

• Both the ISM-manufacturing and non-manufacturing indices came in stronger than expected for August, suggesting a pickup in manufacturing and service sector growth in the second half of the year.

• International trade data for July showed that the trade balance widened for the month after declining sharply in June. On net it does not appear trade will play a role in adding or subtracting from third quarter GDP growth.

Weekly Economic & Financial Commentary