By the numbers: The global economy this week
Highlights of economic data released last week, from central bank policies to trade and growth trends.
June 21, 2021
U.S.: The dollar rose versus other major currencies as the Federal Reserve outlook suggested potential rate hikes in 2023.
Central bank policy
JAPAN: The Bank of Japan decided to maintain current monetary policy and extend its pandemic relief programs for six months.
U.S.: Federal Reserve Chair Jerome Powell noted that the FOMC outlook suggests the bank may raise the federal funds rate in 2023.
AUSTRALIA: The Westpac-Melbourne Leading Economic Index eased in May.
CANADA: The Industrial Product Price index grew 3.1% in May compared with April.
EUROZONE: Industrial production rose 0.8% in April compared with March.
GERMANY: Producer prices grew 1.5% in May compared with April.
JAPAN: Industrial production increased 2.9% in April compared with March.
U.K.: Producer prices grew 4.6% in the year to May.
U.S.: Retail sales fell 1.3% in May compared with April.
U.S.: The Producer Price index for final demand rose 0.8% in May.
U.S.: Industrial production increased 0.8% in May.
U.S.: Business inventories declined 0.2% in April.
U.S.: Housing starts rose 3.6% in May compared with April.
U.S.: The Conference Board Leading Economic Index increased in May.
CANADA: The CPI increased 3.6% year over year in May.
EUROZONE: Annual inflation rose to 2.0% in May from 1.6% in April.
GERMANY: The CPI increased 2.5% year over year in May.
U.K.: The CPI advanced 2.1% in the 12 months to May.
U.S.: Consumer inflation expectations rose to 4.0% in May from 3.4% in April.
JAPAN: Business sentiment fell in May for the first time in four months.