By the numbers: The global economy this week
Highlights of economic data released last week, from central bank policies to trade and growth trends.
October 18, 2021
U.S.: The dollar rose versus other major currencies, reaching a nearly one-year high.
Central bank policy
EUROZONE: Amid a rise in inflation, “the trigger for monetary policy action is not there,” European Central Bank Economist Philip Lane noted last week.
CHINA: The Producer Price Index rose 10.7% year over year in September.
EUROZONE: Industrial production fell 1.6% in August compared with July.
GERMANY: Wholesale prices rose 0.8% in September compared with august.
JAPAN: Industrial production fell 3.6% in August.
JAPAN: Producer prices grew 6.3% year over year in August.
U.K.: Services output grew 0.3% in August compared with July.
U.K.: Industrial production grew 0.8% in August compared with July.
U.K.: GDP is estimated to have grown 0.4% in August.
U.S.: The Producer Price Index for final demand climbed 0.5% in September.
U.S.: Initial jobless claims fell by 36,000 to 293,000 in the week ended October 9, 2021.
AUSTRALIA: Consumer inflation expectations fell to 3.6% in October from 4.4% in September.
CHINA: The annual inflation rate rose 0.7% year over year in September.
GERMANY: The inflation rate rose 4.1% year over year in September.
U.S.: Consumer inflation expectations rose to 5.3% in September from 5.2% in August.
U.S.: The CPI rose 0.4% and core CPI increased 0.2% in September.
AUSTRALIA: The Westpac-Melbourne Institute Index of Consumer Sentiment declined in October.
AUSTRALIA: The NAB Business Confidence Index jumped in September.
GERMANY: The ZEW Indicator of Economic Sentiment decreased in October.
U.S.: The NFIB Small Business Optimism Index slipped in September.
U.S.: The University of Michigan’s index of consumer sentiment fell to 71.4 in October from 72.8 in September.