Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
April 16, 2018
U.S.: Initial jobless claims fell by 9,000 to 233,000 in the week.
U.S.: The Producer Price Index for final demand advanced 0.3% in March.
U.S.: Wholesale sales increased 1.0% in February.
U.S.: Wholesale inventories rose 1.0% in February.
U.K.: Construction output declined in February.
U.K.: The Index of Production fell 0.1% in February.
CHINA: Industrial producer prices increased 3.1% year over year in March.
EUROZONE: Industrial production declined 0.8% in February.
U.S.: The dollar slipped versus other major currencies amid persistent concerns about a trade conflict between the U.S. and China.
JAPAN: Consumer confidence remained stable in March.
EUROZONE: Investor confidence declined notably in April.
AUSTRALIA: Business confidence fell in March after reaching a record high February.
U.S.: Small business optimism decreased slightly but remained at a historically high level in March.
U.S.: The University of Michigan’s index of consumer sentiment fell to 97.8 in April from 101.4 in March.
U.S.: Dallas Federal Reserve President Robert Kaplan said he expects the Fed to raise interest rates two more times this year.