By the numbers: The global economy this week

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

January 24, 2022

Currency

U.K.: The pound rose versus the euro, reaching a 23-month high.

Central bank policy

JAPAN: The Bank of Japan held rates steady and raised its inflation forecast to 1.1% for the fiscal year to March 2023.

Employment trends

U.K.: The unemployment rate dropped to 4.1% in the third quarter from 4.5% in the previous quarter.

U.S.: Initial jobless claims rose by 55,000 to 286,000 in the week ended January 15, 2022.

Growth

CANADA: Manufacturing sales rose 2.6% in November.

CANADA: Wholesale sales increased 3.5% year over year in November.

CHINA: GDP grew 4.0% in the fourth quarter and 8.1% for the year.

CHINA: Industrial production increased 4.3% year over year in December.

CHINA: Retail sales declined to 1.7% year over year in December from 3.9% in November.

EUROZONE: Construction output declined by 0.2% in November compared with October.

GERMANY: Producer prices rose 5.0% in December compared with November.

U.K.: Retail sales fell 3.7% in December.

U.S.: Housing starts grew 1.4% in December compared with November.

U.S.: Existing home sales fell 4.6% in December.

U.S.: The Conference Board Leading Economic Index increased in December.

Trade

JAPAN: Exports rose in December, reaching a record high.

Inflation/deflation

CANADA: Inflation grew 4.8% year over year in December.

EUROZONE: The annual inflation rate increased to 5.0% in December from 4.9% in November.

GERMANY: Consumer prices rose 5.3% year over year in December.

U.K.: The CPI increased 4.8% in the 12 months to December.

Market sentiment

AUSTRALIA: The Consumer Sentiment Index declined in January.

EUROZONE: The Flash Consumer Confidence Indicator decreased slightly in January.

GERMANY: The ZEW Indicator of Economic Sentiment rose significantly in January.