Global economic update

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

January 14, 2019

Inflation/deflation

CHINA: Inflation rose 1.9% year over year in December.

MEXICO: Annual inflation edged higher in December.

U.S.: The CPI fell 0.1% and core CPI increased 0.2% in December.

Market sentiment
Trade

AUSTRALIA: Australia posted a trade surplus in November.

CANADA: The trade deficit increased in November.

GERMANY: Exports remained flat in November.

U.K.: The trade deficit narrowed in the three months to November.

Growth

EUROZONE: Retail trade increased 0.6% in November.

GERMANY: Factory orders slid 1.0% in November.

GERMANY: Retail trade grew 1.5% in November.

GERMANY: The Construction PMI increased to 53.3 in December from 51.3 in November.

JAPAN: The Services PMI fell to 51.0 in December from 52.3 in November.

U.K.: Industrial production fell 0.8% in the three months to November.

U.K.: GDP grew 0.3% in the three months to November.

U.K.: Services output climbed 0.3% in the three months to November.

U.S.: Consumer credit increased 6.75% in November.

Currency

U.S.: The dollar rose versus other major currencies, as investor sentiment reversed course.

Employment trends

EUROZONE: Euro area unemployment fell to 7.9% in November from 8.0% in October.

U.S.: Initial jobless claims fell by 17,000 to 216,000 in the week ended January 5, 2019.