By the numbers: The global economy this week

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

March 30, 2020

Currency

U.S.: The dollar slipped versus other major currencies as the COVID-19 pandemic spread across the country.

Trade

U.S.: The trade deficit narrowed in February.

Growth

CANADA: Wholesale sales increased 1.8% in January.

EUROZONE: The Flash PMI Composite Output Index plummeted to 31.4 in March from 51.6 in February, marking the biggest collapse ever recorded.

GERMANY: The Flash PMI Composite Output Index plunged to 37.2 in March from 50.7 in February, setting a record pace of contraction.

JAPAN: The Flash PMI Composite Output Index fell to 35.8 in March from 47.0 in February.

U.K.: The Flash PMI Composite Output Index dropped to 37.1 in March from 53.0 in February.

U.K.: Producer price inflation grew 0.4% on the year to February.

U.S.: The Flash PMI Composite Output Index plummeted to 40.5 in March from 49.6 in February.

U.S.: New home sales declined 4.4% in February.

U.S.: Durable goods orders rose 1.2% in February.

U.S.: Wholesale inventories declined 0.5% in February.

U.S.: Retail inventories slipped 0.3% in February.

U.S.: GDP grew 2.1% in the fourth quarter, according to a third estimate.

Employment trends

U.S.: Initial jobless claims soared by 3 million to 3,283,000 in the week ended March 21, 2020.

Inflation/deflation

U.K.: The annual inflation rate dropped to 1.7% in February from 1.8% in January.

Market sentiment

EUROZONE: The Flash Consumer Confidence Indicator plummeted in March.

GERMANY: The ifo Business Climate Index plunged in March, posting the steepest fall since reunification.

U.S.: The University of Michigan’s index of consumer sentiment dropped to 89.1 in March from 101.0 in February.