Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
July 9, 2018
EUROZONE: The unemployment rate remained unchanged in May at 8.4%.
U.S.: Initial jobless claims rose by 3,000 to 231,000 in the week ended June 30, 2018.
U.S.: The U.S. added 213,000 jobs and the unemployment rate rose to 4.0% in June.
U.S.: Factory orders increased 0.4% in May.
U.S.: The Composite PMI Output slipped to 56.5 in June from 56.8 in May.
U.S.: Construction spending rose 0.4% in May.
U.K.: The Manufacturing PMI remained unchanged at 54.4 in June.
U.K.: The Services PMI rose to 55.1 in June from 54.0 in May.
EUROZONE: Industrial producer prices increased 0.8% in May.
EUROZONE: Retail sales remained unchanged in May.
EUROZONE: The Composite PMI Output increased to 54. 9 in June from 54.8 in May.
EUROZONE: The Retail PMI remained unchanged in June.
GERMANY: The Composite PMI Output rose to 54.5 in June from 52.1 in May.
GERMANY: The Retail PMI grew to 57.1 in June from 55.5 in May.
GERMANY: Factory orders jumped 2.6% in May.
GERMANY: Industrial production expanded 2.6% in May.
CHINA: The Composite PMI Output climbed to 53.0 in June from 52.3 in May.
CHINA: The General Manufacturing PMI remained essentially flat in June.
JAPAN: The Manufacturing PMI climbed to 53.0 in June from 52.8 in May.
AUSTRALIA: Retail trade increased 0.4% in May.
JAPAN: The Bank of Japan’s deputy governor said the central bank should ease policy further if there is a risk of returning to deflation.
U.S.: The dollar moved higher versus other major currencies, approaching a one-year high.
AUSTRALIA: The Business Expectations Index dropped in the quarter.
JAPAN: A Bank of Japan survey noted that business confidence declined in the recent quarter.
CANADA: Consumer confidence declined in June, reaching the lowest level in two years.
AUSTRALIA: Australia posted a trade surplus in May.