By the numbers: The global economy this week

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

November 28, 2022

Currency

U.K.: The pound rose versus the U.S. dollar as a flash report indicated economic activity grew more than expected.

Employment trends

U.S.: Initial jobless claims rose by 17,000 to 240,000 in the week ended November 19, 2022.

Growth

AUSTRALIA: The Flash PMI Composite Output Index fell to 47.7 in November from 49.8 in October.

CANADA: Retail sales decreased 0.5% in September.

EUROZONE: The Flash PMI Composite Output Index increased to 47.8 in November from 47.3 in October.

GERMANY: GDP grew by 0.4% in the third quarter.

GERMANY: The Flash PMI Composite Output Index rose to 46.4 in November from 45.1 in October.

GERMANY: Producer prices fell 4.2% in October compared with September.

JAPAN: The Flash Composite PMI Output Index fell to 48.9 in November from 51.8 in October.

U.K.: The Flash PMI Composite Output Index rose to 48.3 in November from 48.2 in October.

U.S.: Durable goods orders increased 1.0% in October.

U.S.: New home sales jumped 7.5% in October compared with September.

U.S.: The Flash PMI Composite Output Index fell to 46.3 in November from 48.2 in October.

Trade

GERMANY: Exports to non-EU countries are expected to decline 1.6% in October compared with September.

Inflation/deflation

JAPAN: The Bank of Japan’s weighted median inflation rate rose 1.1% year over year in October, hitting a record high as an indicator that price increases are broadening.

Market sentiment

EUROZONE: The European Commission’s Flash Economic Sentiment Indicator for the euro area improved in November.

GERMANY: The ifo Business Climate Index increased in November.

GERMANY: The GfK Consumer Climate Indicator rose heading into December but remained at a negative level.