Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
January 16, 2018
EUROZONE: Industrial production grew 1.0% in November.
EUROZONE: Retail trade jumped 1.5% in November.
GERMANY: GDP grew 2.2% in 2017, compared with a year earlier.
GERMANY: Industrial production surged 3.4% in November.
CHINA: The Producer Price Index grew 4.9% year over year in December.
U.S.: Consumer credit increased at an annual rate of 8.75% in November.
U.S.: Wholesale sales increased 1.5% in November.
U.S.: Wholesale inventories rose 0.8% in November.
U.S.: The Producer Price Index declined in December.
U.S.: Retail sales increased 0.4% in December.
EUROZONE: The euro rose versus the U.S. dollar after the ECB noted the possibility of revisiting its policy in 2018.
EUROZONE: The Economic Sentiment Indicator increased in December.
EUROZONE: The Business Climate Indicator rose in December to the highest level since 1985.
U.S.: The NFIB Small Business Optimism Index posted a record high level of confidence in 2017.