Global economic update

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

January 22, 2019

Inflation/deflation

CANADA: The CPI rose 2.0% year over year in December.

EUROZONE: Annual inflation declined to 1.6% in December from 1.9% in November.

GERMANY: The annual CPI grew 1.7% in December from a year earlier.

U.K.: The annual CPI slipped to 2.0% in December from 2.2% in November.

Market sentiment
Trade
Growth

EUROZONE: Industrial production fell 1.7% in November.

EUROZONE: Construction output declined 0.1% in November.

JAPAN: Industrial production fell 1.0% in November.

U.K.: Producer price inflation rose 2.5% year over year in December.

U.K.: Retail sales slipped 0.2% in the three months to December.

U.S.: The Producer Price Index for final demand dropped 0.2% in December.

Currency

EUROZONE: The euro fell versus the U.S. dollar amid the release of weak economic data.

Employment trends

U.S.: Initial jobless claims fell by 3,000 to 213,000 in the week ended January 12, 2019.