By the numbers: The global economy this week

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

July 6, 2020

Currency

U.S.: The dollar fell versus other major currencies after the Fed noted an uncertain economic outlook.

Central bank policy

U.S.: Federal Reserve Chair Jerome Powell said the outlook for the economy is "extraordinarily uncertain."

Trade

AUSTRALIA: Australia posted a trade surplus in May.

CANADA: The trade deficit narrowed in May.

JAPAN: Exports plummeted 28.3% in May.

U.S.: The trade deficit widened in May.

Growth

AUSTRALIA: Retail sales jumped 16.9% in May.

CANADA: GDP plunged 11.6% in April.

CHINA: The Caixin China PMI Composite Output Index increased to 55.7 in June from 54.5 in May.

EUROZONE: The PMI Composite Output Index climbed to 48.5 in June from 31.9 in May.

EUROZONE: Industrial producer prices slipped 0.6% in May.

GERMANY: Retail trade grew 13.9 in May versus April.

GERMANY: The PMI Composite Output Index jumped to 47.0 in June from 32.3 in May.

GERMANY: Producer prices of services rose 1.6% in the first quarter.

JAPAN: Industrial production fell 8.4% in May.

U.K.: GDP declined 2.2% in the first quarter.

U.K.: The PMI Composite Output Index rose to 47.7 in June from 30.0 in May.

U.S.: Pending home sales surged 44.3% in May.

U.S.: The Manufacturing PMI advanced to 49.8 in June from 39.8 in May.

Employment trends

EUROZONE: The unemployment rate rose to 7.4% in May from 7.3% in April.

U.S.: The U.S. added 4.8 million jobs and the unemployment rate fell to 11.1% in June from 13.3% in May.

U.S.: Initial jobless claims reached 1,427,000 in the week ended June 27, 2020.

Inflation/deflation

EUROZONE: Annual inflation rose to 0.3% in June from 0.1% in May.

GERMANY: Inflation is expected to increase 0.9% year over year in June.

Market sentiment