By the numbers: The global economy this week

Highlights of economic data released last week, from central bank policies to trade and growth trends.

September 13, 2021

Currency

U.S.: The dollar fell versus other currencies as jobless claims declined and investors weighed the outlook for central bank stimulus.

Central bank policy

AUSTRALIA: The Reserve Bank of Australia decided to maintain the current cash rate.

CANADA: The Bank of Canada held rates steady.

EUROZONE: The European Central Bank held rates steady and decided to slow the pace of its pandemic bond purchase program.

U.S.: Economic growth “downshifted slightly” in August, due to a pullback in dining out, travel, and tourism, the Federal Open Market Committee reported.

Trade

CHINA: Exports surged 25.6% year over year in August.

GERMANY: Exports rose 0.5% in July compared with June.

U.K.: Exports declined 1.0% in July.

Growth

CHINA: The Producer Price Index rose 9.5% year over year in August, marking the fastest pace of growth in 13 years.

EUROZONE: GDP grew 2.2% in the second quarter.

EUROZONE: The Construction PMI dipped to 49.5 in August from 49.8 in July.

GERMANY: Industrial production rose 1.0% in July compared with June.

GERMANY: Factory orders climbed 3.4% in July compared with June.

GERMANY: The Construction PMI dropped to 44.6 in August from 47.1 in July.

JAPAN: The Leading Economic Index declined in July.

U.K.: The Construction PMI fell to 55.2 in August from 58.7 in July.

U.K.: Industrial production rose 1.2% in July compared with June.

U.K.: GDP is estimated to have grown 0.1% in July.

U.S.: The Producer Price Index for final demand increased 0.7% in August.

Employment trends

U.S.: Initial jobless claims fell by 35,000 to 310,000 in the week ended September 4, 2021.

Inflation/deflation

CHINA: The annual inflation rate dropped to 0.8% in August from 1.0% in July.

GERMANY: The inflation rate rose to 3.9% year over year in August.

Market sentiment