Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
January 22, 2019
U.S.: The University of Michigan’s preliminary index of consumer sentiment dropped to 90.7 in January from 98.3 in December.
Central bank policy
CHINA: The People’s Bank of China injected a record amount of stimulus into the economy to boost growth.
EUROZONE: Industrial production fell 1.7% in November.
EUROZONE: Construction output declined 0.1% in November.
JAPAN: Industrial production fell 1.0% in November.
U.K.: Producer price inflation rose 2.5% year over year in December.
U.K.: Retail sales slipped 0.2% in the three months to December.
U.S.: The Producer Price Index for final demand dropped 0.2% in December.
EUROZONE: The euro fell versus the U.S. dollar amid the release of weak economic data.
U.S.: Initial jobless claims fell by 3,000 to 213,000 in the week ended January 12, 2019.