By the numbers: The global economy this week

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

May 27, 2020

Currency

U.S.: The dollar rose versus other major currencies amid increasing tensions between the U.S. and China.

Central bank policy

JAPAN: The Bank of Japan unveiled a small business lending program as government officials discuss additional economic stimulus.

Trade

JAPAN: Exports fell the most since 2009 in April.

Growth

CANADA: Wholesale sales fell 2.2% in March.

EUROZONE: Construction output plummeted 14.1% in March.

EUROZONE: The Flash Eurozone PMI Composite Output Index rose to 30.5 in May from 13.6 in April.

GERMANY: The Flash Germany PMI Composite Output Index rose to 31.4 in May from 17.4 in April.

JAPAN: Industrial production declined 3.7% in March.

JAPAN: The Flash Japan PMI Composite Output Index rose to 27.4 in May from 25.8 in April.

U.K.: Producer price inflation fell to -0.7% on the year to April.

U.K.: Retail sales plunged 18.1% in April.

U.K.: The Flash U.K. PMI Composite Output Index climbed to 28.9 in May from 13.8 in April.

U.S.: Housing starts plummeted 30.2% in April.

U.S.: The Flash U.S. PMI Composite Output Index jumped to 36.4 in May from 27.0 in April.

U.S.: Existing home sales dropped 17.8% in April.

Employment trends

U.S.: Initial jobless claims reached 2.4 million in the week ended May 16, 2020.

Inflation/deflation

CANADA: The CPI declined 0.2% year over year in April.

EUROZONE: Annual inflation fell to 0.3% in April from 0.7% in March.

U.K.: The CPI dropped to 0.9% in April from 1.5% in March.

Market sentiment

EUROZONE: The Flash Consumer Confidence Indicator improved in May, but remained at levels below the long-term average.

GERMANY: The ZEW Indicator of Economic Sentiment increased in May.