By the numbers: The global economy this week

Highlights of economic data released last week, from central bank policies to trade and growth trends.

September 16, 2019

Currency

EUROZONE: The euro declined versus other major currencies after the European Central Bank cut rates.

Central bank policy

EUROZONE: The European Central Bank decided to cut the interest rate on the deposit facility and restart its asset-purchasing program.

Trade

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

GERMANY: Exports jumped 3.8% year over year in July.

U.K.: The trade deficit narrowed in the three months to July.

U.S.: Import and export prices both declined in August.

Growth

CHINA: The Producer Price Index decreased by 0.8% year over year in August.

EUROZONE: Industrial production declined 0.4% in July.

GERMANY: Wholesale prices fell 1.1% in August.

JAPAN: Industrial production increased 1.3% in July.

JAPAN: GDP grew 1.3% in the second quarter.

U.K.: Services output increased 0.2% in the three months to July.

U.K.: Production output fell 0.5% in the three months to July.

U.K.: GDP remained flat in the three months to July.

U.K.: Construction output declined 0.8% in the three months to July.

U.S.: Consumer credit increased 6.75% in July.

U.S.: The Producer Price Index for final demand rose 0.1% in August.

U.S.: Wholesale sales grew 0.3% in July.

U.S.: Wholesale inventories increased 0.2% in July.

U.S.: Retail sales rose 0.4% in August.

Employment trends

EUROZONE: Labor costs rose 2.7% year over year in the second quarter.

U.S.: Initial jobless claims fell by 15,000 to 204,000 in the week ended September 7, 2019.

Inflation/deflation

CHINA: The CPI rose 2.8% year over year in August.

GERMANY: Consumer prices increased 1.4% year over year in August.

U.S.: The CPI rose 0.1% and core CPI increased 0.3% in August.

Market sentiment