Global economic update

Highlights of the past week, from central bank policies to trade and currency trends.

April 16, 2018

Employment trends

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.


CHINA: The CPI increased 2.1% year over year in March.

U.S.: The core CPI increased 0.2% in March.

GERMANY: Consumer prices climbed 1.6% in March.


U.S.: The dollar slipped versus other major currencies amid persistent concerns about a trade conflict between the U.S. and China.

Market sentiment

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.


GERMANY: Exports jumped 2.4% in February.

U.K.: The trade deficit widened in the first quarter.

U.S.: Export prices advanced 0.3% in March.

EUROZONE: The euro area posted a trade surplus in February.