Global economic update

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

November 13, 2017

Employment trends

U.S.: Initial jobless claims rose by 10,000 to 239,000 in the week.

Growth

GERMANY: Industrial production fell 1.6% in September.

GERMANY: Factory orders increased 1.0% in September.

GERMANY: The Retail PMI fell to 51.2 in October from 52.8 in September.

EUROZONE: Retail trade rose 0.7% in September.

EUROZONE: Industrial producer prices climbed 0.6% in September.

EUROZONE: The Retail PMI declined to 51.1 in October from 52.3 in September.

EUROZONE: The PMI Composite Output decreased to 56.0 in October from 56.7 in September.

JAPAN: The Services PMI jumped to 53.4 in October from 51.0 in September.

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

U.S.: Wholesale trade grew 1.3% in September.

U.K.: The Index of Production increased 1.1% in the third quarter.

Inflation/deflation

CHINA: The CPI rose 1.9% year over year in October.

Currency

U.S.: The dollar fell versus other currencies on concerns that legislation to cut taxes would be delayed until 2019.

Market sentiment

EUROZONE: The European Commission said it expects the eurozone economy to grow at its fastest rate in a decade.

U.S.: The University of Michigan's index of consumer sentiment dropped to 97.8 in November from 100.7 in October.

Trade

GERMANY: Exports jumped 4.6% in September.

CHINA: Import growth slowed in October.

U.K.: The trade deficit widened in the third quarter.