By the numbers: The global economy this week

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

July 22, 2019

Currency

U.K.: The pound declined versus the U.S. dollar, hitting a 27-month low, on Brexit uncertainty.

Central bank policy

U.S.: Economic activity expanded at a moderate pace in July, according to the FOMC’s Beige Book report.

Growth

CANADA: Manufacturing sales grew 1.6% in May.

CHINA: GDP grew at an annual rate of 6.2% in the second quarter.

CHINA: Industrial production increased 6.3% year over year in June.

EUROZONE: Construction output slipped 0.3% in May.

U.K.: Producer price inflation fell to 1.6% in the year to June, down from 1.9% in May.

U.S.: Retail sales rose 0.4% in June.

U.S.: Business inventories increased 0.3% in May.

U.S.: Industrial production remained unchanged in June.

U.S.: Housing starts declined 0.9% in June.

Employment trends

U.K.: The unemployment rate remained steady at 3.8% in the three months to May.

U.S.: Initial jobless claims rose by 8,000 to 216,000 in the week ended July 13, 2019.

Inflation/deflation

CANADA: The CPI increased 2.0% year over year in June.

EUROZONE: The annual inflation rate rose to 1.3% in June from 1.2% in May.

U.K.: The CPI remained unchanged at 1.9% in June.

Market sentiment