By the numbers: The economy this week

Update for July 22, 2019   |   Download PDF

Highlights of key economic statistics from last week compiled by Putnam Investments.


  • Import prices fell 0.9% and export prices declined 0.7% in June, the Bureau of Labor Statistics noted.
  • In an advance estimate, the Census Bureau stated that retail sales rose 0.4% in June.
  • Business inventories increased 0.3% in May, the Census Bureau reported.


  • Initial jobless claims rose by 8,000 to 216,000 in the week ended July 13, 2019, according to the Labor Department.


  • As of July 11, 2019, of the 23 companies of the S&P 500 Index reporting second-quarter earnings, 19 beat analysts’ estimates, according to S&P Dow Jones Indices.


  • The University of Michigan’s index of consumer sentiment rose to 98.4 in July from 98.2 in June.


  • Eurostat reported the euro area posted a trade surplus in May.
  • Euro area annual inflation rose to 1.3% in June from 1.2% in May, according to Eurostat.
  • Construction output in the euro area decreased by 0.3% in May, Eurostat stated.
  • The ZEW Indicator of Economic Sentiment for Germany declined in July.


  • The yield on the 10-year U.S. Treasury note declined.
  • Economic activity expanded at a moderate pace from mid-May through early July, according to the Federal Open Market Committee’s Beige Book report.


  • No resolution to China trade war, or opening a new front with Europe on autos, risks more equity market turmoil.
  • Brexit, Italian debt dynamics, and the re-emergence of populism risk tipping Europe back into recession.
  • Weak stimulus in China thus far is showing little sign of slowing the pace of deceleration.

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All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.