Global economic update

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

September 18, 2017

Employment trends

EUROZONE: The number of people employed increased 0.4% in the first quarter.

U.K.: The unemployment rate fell to 4.3% in the second quarter, from 4.9% a year earlier.

AUSTRALIA: The unemployment rate remained stable in August.

U.S.: Initial jobless claims fell by 14,000 to 284,000 in the week.

EUROZONE: Labor costs grew 1.8% in the second quarter.

Growth

GERMANY: Wholesale prices increased 3.2% in August.

EUROZONE: Industrial production rose 0.1% in July.

U.S.: Producer prices advanced 0.2% in August.

U.S.: Retail sales fell 0.2% in August.

JAPAN: Industrial production slipped 0.8% in July.

CHINA: Producer prices increased 6.3% from a year earlier in August.

Inflation/deflation

CHINA: Consumer prices rose 1.8% from a year earlier in August.

GERMANY: Consumer prices increased 1.8% year over year in August.

U.K.: The CPI increased to 2.7% in August, up from 2.6% in July.

U.S.: The core CPI rose 0.2% in August.

Currency

U.S.: The dollar fell against other major currencies following a report noting an unexpected decline in retail sales.

Trade