By the numbers: The global economy this week

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

June 27, 2022

Currency

EUROZONE: The euro declined versus other major currencies after weak PMI data indicated growth had slowed.

Employment trends

U.S.: Initial jobless claims fell by 2,000 to 229,000 in the week ended June 18, 2022.

Growth

AUSTRALIA: The Flash Composite PMI Output Index slipped to 52.6 in June from 52.9 in May.

CANADA: Retail sales increased 0.9% in April.

EUROZONE: Construction output fell 1.1% in April compared with March.

EUROZONE: The Flash PMI Composite Output Index dropped to 51.9 in June from 54.8 in May.

GERMANY: The Flash PMI Composite Output Index fell to 51.3 in June from 53.7 in May.

JAPAN: The Flash PMI Composite Output Index rose to 53.2 in June from 52.6 in May.

U.K.: The Flash PMI Composite Output Index was unchanged at 53.1 in June from May.

U.K.: Producer output prices rose 15.7% in the year to May.

U.K.: Retail sales fell by 0.5% in May.

U.S.: Existing home sales dropped 3.4% in May compared with April.

U.S.: The Flash PMI Composite Output Index fell to 51.2 in June from 53.6 in May.

U.S.: New homes sales rose 10.7% in May compared with April.

Trade

INDIA: The merchandise trade deficit narrowed in the first quarter.

Inflation/deflation

CANADA: The CPI rose 7.7% year over year in May.

U.K.: The CPI increased 7.9% in the 12 months to May.