Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
January 14, 2019
Central bank policy
U.S.: Many Federal Reserve policy makers believe the central bank can be patient on interest-rate hikes, recent meeting minutes showed.
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.
U.S.: The dollar rose versus other major currencies, as investor sentiment reversed course.