Global economic update
Highlights of the past week, from central bank policies to trade and currency trends.
September 18, 2017
EUROZONE: The number of people employed increased 0.4% in the first quarter.
U.K.: The unemployment rate fell to 4.3% in the second quarter, from 4.9% a year earlier.
AUSTRALIA: The unemployment rate remained stable in August.
U.S.: Initial jobless claims fell by 14,000 to 284,000 in the week.
EUROZONE: Labor costs grew 1.8% in the second quarter.
GERMANY: Wholesale prices increased 3.2% in August.
EUROZONE: Industrial production rose 0.1% in July.
U.S.: Producer prices advanced 0.2% in August.
U.S.: Retail sales fell 0.2% in August.
JAPAN: Industrial production slipped 0.8% in July.
CHINA: Producer prices increased 6.3% from a year earlier in August.
U.S.: The dollar fell against other major currencies following a report noting an unexpected decline in retail sales.
AUSTRALIA: Business confidence declined in August.
U.S.: Small business optimism rose in August.
U.S.: The University of Michigan’s index of consumer sentiment fell slightly in September.
EUROZONE: The euro area recorded a trade surplus in July.
EUROZONE: ECB Executive Board Member Benoit Coeuré said that the rising euro could keep inflation low unless the economy strengthens.
U.K.: The Bank of England held rates steady but noted a rate hike is likely in the coming months.