Global economic update

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

November 19, 2018

Employment trends

AUSTRALIA: The Wage Price Index advanced 0.6% in the third quarter.

EUROZONE: Employment rose by 0.2% in the third quarter.

U.K.: The unemployment rate fell to 4.1% in the July to September period, from 4.3% a year earlier.

U.S.: Initial jobless claims rose by 2,000 to 216,000 in the week ended November 10, 2018.

Growth

CHINA: The Producer Price Index increased year over year 3.3% in October.

EUROZONE: GDP grew 0.2% in the third quarter.

EUROZONE: Industrial production declined 0.3% in September.

GERMANY: GDP declined 0.2% in the third quarter from the second quarter.

GERMANY: Wholesale prices surged 4.0% in October from a year earlier.

JAPAN: GDP contracted 1.2% in the third quarter.

JAPAN: Industrial production slipped 0.4% in September.

U.K.: Producer price inflation rose 3.3% year over year in October.

U.K.: House prices increased 3.5% in the year to September.

U.K.: Retail sales climbed 0.4% in the three months to October.

U.S.: Retail sales grew 0.8% in October.

U.S.: Business inventories rose 0.3% in September.

Inflation/deflation

CHINA: The Consumer Price Index rose 2.5% in October.

EUROZONE: Annual inflation climbed to 2.2% in October from 2.1% in September.

GERMANY: Consumer prices jumped 2.5% year over year in October.

U.K.: The Consumer Price Inflation rate was unchanged in October at 2.2%.

U.S.: The CPI increased 0.3% and core CPI rose 0.2% in October.

Currency

U.S.: The dollar rose versus other major currencies after conflict over the Brexit deal caused market jitters.

Market sentiment
Trade
Central bank policy

U.S.: Federal Reserve Chair Jerome Powell said he is optimistic about the economy, but noted risks including a slowdown in global growth.