By the numbers: The global economy this week

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

May 23, 2022

Currency

U.S.: The dollar climbed versus other major currencies.

EUROZONE: The euro rose versus other currencies and approached parity with the U.S. dollar.

Central bank policy
Employment trends

U.K.: The unemployment rate decreased to 3.7% in the first quarter from 4.0% in the previous quarter.

U.S.: Initial jobless claims rose by 21,000 to 218,000 in the week ended May 14, 2022.

Growth

CANADA: Manufacturing sales rose 2.5% in March.

EUROZONE: Euro area GDP grew 0.3% in the first quarter.

GERMANY: Wholesale prices grew 2.1% in April compared with March.

GERMANY: Producer prices increased 2.8% in April compared with March.

U.K.: Producer output prices rose 14.0% in the year through March.

U.S.: Retail sales grew 0.9% in April compared with March.

U.S.: Industrial production rose 1.1% in April.

U.S.: Housing starts slipped 0.2% in April.

U.S.: Business inventories increased 2.0% in March.

U.S.: The Conference Board Leading Economic Index fell in April.

U.S.: Existing home sales dropped 2.4% in April compared with March.

Trade
Inflation/deflation

CANADA: The CPI rose 6.8% year over year in April.

EUROZONE: Euro area inflation remained stable in April at 7.4% compared with March.

U.K.: The CPI rose 7.8% in the 12 months to April.

Market sentiment

U.K.: The GfK Consumer Confidence Index fell to its lowest level since the survey began in 1974.