Global economic update

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

September 24, 2018

Employment trends

U.S.: Initial jobless claims fell by 3,000 to 201,000 in the week ended September 15, 2018.

Growth

AUSTRALIA: Residential home prices fell 0.7% in the second quarter.

CANADA: Retail sales rose 0.3% in July.

CANADA: Manufacturing sales increased 0.9% in July.

EUROZONE: Construction output advanced 0.3% in July.

EUROZONE: The Flash PMI Composite Output dropped to 54.2 in September from 54.5 in August.

GERMANY: The Flash PMI Composite Output fell to 55.3 in September from 55.6 in August.

JAPAN: The Flash Manufacturing PMI rose to 52.9 in September from 52.5 in August, marking a three-month high.

U.K.: Producer price inflation rose 2.9% in August from a year earlier.

U.K.: Retail sales grew 0.3% in August.

U.S.: Housing starts jumped 9.2% in August.

U.S.: The Conference Board Leading Economic Index increased in August.

U.S.: Existing home sales remained flat in August.

Inflation/deflation

CANADA: The CPI rose 2.8% year over year in August.

EUROZONE: Annual inflation declined to 2.0% in August from 2.1% in July.

U.K.: The CPI annual rate rose to 2.4% in August up from 2.3% in July.

Currency

U.S.: The dollar depreciated versus the euro as the U.S.-China trade conflict escalated.

Market sentiment
Trade

JAPAN: Exports accelerated in August.