By the numbers: The economy this week

Update for June 14, 2021

Highlights of key economic statistics from last week compiled by Putnam Investments.


  • The CPI rose 0.6% and core CPI increased 0.7% in May, according to the Bureau of Labor Statistics.
  • Wholesale inventories grew 0.8% in April compared with March, the Census Bureau stated.


  • Initial jobless claims fell to 376,000 in the week ended June 5, 2021, from 385,000 in the previous week, the Labor Department reported.


  • As of June 2, 2021, of the 494 S&P 500 Index companies reporting first-quarter earnings, 422 beat analysts’ expectations, according to S&P Dow Jones Indices.


  • The NFIB Small Business Optimism Index slipped in May.
  • The University of Michigan’s index of consumer sentiment rose to 86.4 in June from 82.9 in May.


  • Euro area GDP fell by 0.3% in the first quarter compared with the previous quarter, according to Eurostat.
  • Germany’s Federal Statistical Office reported that industrial production declined 1.0% in April compared with March.
  • Germany’s factory orders slipped 0.2% in April compared with March, the Federal Statistical Office noted.


  • The yield on the 10-year Treasury note declined.
  • The European Central Bank decided to maintain its current monetary policy.


  • Divergent vaccination rollout timelines and virus mutations risk could cause a shift from a synchronized global recovery to a more fractured regional, multispeed recovery.
  • Global leverage, created by pandemic response packages, is at worrisome levels and will eventually need to be paid for.
  • Pandemic and financial repression policies have exacerbated global wealth inequality.