By the numbers: The economy this week

Update for April 15, 2019

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

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economy

  • Both import and export prices rose in March, the Bureau of Labor Statistics stated.
  • The CPI increased 0.4% and core CPI rose 0.1% in March, the Bureau of Labor Statistics noted.
  • The Census Bureau reported that factory orders fell 0.5% in February.

employment

  • Initial jobless claims fell by 8,000 to 196,000 in the week ended April 6, 2019, according to the Department of Labor.

profits

  • As of April 5, 2019, the estimated earnings decline for the first quarter for the S&P 500 Index is -4.2%, according to FactSet.

emotion

  • The University of Michigan’s preliminary index of consumer sentiment fell to 96.9 in April from 98.4 in March.
  • The NFIB Small Business Optimism Index improved in March.

europe

  • Eurostat reported that euro area industrial production fell 0.2% in February.
  • Germany’s Federal Statistical Office noted that wholesale prices jumped 1.8% year over year in March.
  • Industrial production increased 0.2% in the United Kingdom in the three months to February, according to the Office for National Statistics.

rates

  • The yield on the 10-year U.S. Treasury note rose.
  • The Federal Open Market Committee decided to hold on rate moves in light of economic and inflation data, minutes of the March meeting showed.
  • The European Central Bank held rates steady.

risks

  • 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.

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.