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 18, 2019

Currency

U.K.: The British pound declined versus other major currencies after Parliament voted to extend the deadline for Brexit.

Central bank policy
Trade

GERMANY: Germany posted a trade surplus in January.

U.K.: The trade deficit widened in the three months to January.

U.S.: Import and export prices both rose in February.

Employment trends

GERMANY: Labor costs increased 2.3% in 2018 from a year earlier.

U.S.: Initial jobless claims rose by 6,000 to 229,000 in the week ended March 9, 2019.

Growth

CHINA: The Industrial Producer Price Index increased 0.1% year over year in February.

EUROZONE: Industrial production rose 1.4% in January.

GERMANY: Industrial production declined 0.8% in January.

U.K.: Industrial output fell by 0.8% in the three months to January.

U.K.: Services output increased 0.5% in the three months to January.

U.K.: GDP grew 0.2% in the three months to January.

U.S.: Retail sales climbed 0.2% in January.

U.S.: Business inventories increased 0.6% in December.

U.S.: The Producer Price Index for final demand rose 0.1% in February.

U.S.: New orders for durable goods increased 0.4% in January.

U.S.: Construction spending jumped 1.3% in January.

U.S.: New home sales dropped 7.0% in January.

Inflation/deflation

AUSTRALIA: The Melbourne Institute Inflation Expectation survey increased in March.

CHINA: The CPI rose 1.5% year over year in February.

EUROZONE: Annual inflation increased to 1.5% in February from 1.4% in January.

GERMANY: Consumer prices grew 1.5% in February from a year earlier.

U.S.: Both the CPI and core CPI increased in February.