Global economic update

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

August 13, 2018

Employment trends

CANADA: The unemployment rate declined to 5.8% in July from 6.0% in June.

U.S.: Initial jobless claims fell by 6,000 to 213,000 in the week ended August 4, 2018.

JAPAN: Wage growth rose to a 21-year high in June.


GERMANY: Industrial production declined 0.9% in June.

GERMANY: Factory orders fell 4.0% in June.

GERMANY: The Construction PMI remained unchanged in July.

CANADA: Building permits declined 5.7% in June.

CHINA: The Producer Price Index increased 4.6% year over year in July.

JAPAN: GDP grew at an annualized rate of 1.9% in the second quarter.

U.K.: GDP grew 0.4% in the second quarter.

U.K.: The Index of Production fell 0.8% in the second quarter.

U.K.: The Index of Services increased 0.5% in the second quarter.

U.S.: The Producer Price Index for final demand remained unchanged in July.

U.S.: Wholesale sales slipped 0.1% in June.


CHINA: Consumer prices increased 2.1% year over year in July.

AUSTRALIA: The Reserve Bank of Australia noted it expects inflation to rise in 2019 and 2020.

U.S.: Both the CPI and core CPI increased 0.2% in July.


U.S.: The dollar declined versus the Chinese yuan.

Market sentiment

EUROZONE: The Sentix Investor Confidence Index showed improvement in August.

AUSTRALIA: Business confidence declined in July, for the third consecutive month.


GERMANY: Exports surged 7.8% year over year in June.

JAPAN: Japan posted a trade surplus in June.

CHINA: Exports grew and imports surged in June.

U.K.: The trade deficit widened in the three months to June.