Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
March 12, 2018
GERMANY: The Retail PMI advanced to 53.8 in February from 53.0 in January.
GERMANY: The Services PMI fell to 55.3 in February from 57.3 in January.
GERMANY: Factory orders dropped 3.9% in January.
GERMANY: Industrial production slipped 0.1% in January.
U.S.: Factory orders declined 1.4% in January.
U.S.: Durable goods orders fell 3.6% in January.
U.S.: The Services PMI jumped to 55.9 in February from 53.3 in January.
U.S.: Consumer credit increased 4.25% in January.
U.K.: The Services PMI rose to 54.5 in February from 53.0 in January.
EUROZONE: The Composite PMI Output slipped to 57.1 in February from 58.8 in January.
EUROZONE: GDP rose 0.6% in the fourth quarter.
EUROZONE: Retail trade declined 0.1% in January.
CHINA: The Composite PMI Output slipped to 53.3 in February from 53.7 in January.
JAPAN: The Composite PMI Output fell to 52.2 in February from 52.8 in January.
AUSTRALIA: GDP grew 0.4% in the fourth quarter.
AUSTRALIA: Retail trade grew 0.1% in January.
U.S.: The dollar rose versus the euro after the ECB indicated that any policy normalization would be gradual.
U.S.: The CPA Outlook Index rose to a record level of optimism in the first quarter.
U.S.: In its Beige Book, the Federal Reserve reported that growth remains moderate.