French industrial production rose in August, showing resilience in most sectors despite slowing demand and high price pressures. Total industrial output–comprising output in manufacturing, energy and construction–rose 2.4% on month,

The numbers: U.S. new home sales surged 28.8% to a seasonally-adjusted annual rate of 685,000 in August, from a revised 532,000 in the prior month, the Commerce Department reported Tuesday.