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
U.K.: The pound rose versus the U.S. dollar as a flash report indicated economic activity grew more than expected.
Central bank policy
U.S.: Cleveland Federal Reserve President Loretta Mester said more progress is needed on inflation before policymakers end interest-rate hikes.
U.S.: Initial jobless claims rose by 17,000 to 240,000 in the week ended November 19, 2022.
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.
GERMANY: Exports to non-EU countries are expected to decline 1.6% in October compared with September.
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.
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.