By the numbers: The global economy this week
Highlights of economic data released last week, from central bank policies to trade and growth trends.
August 3, 2020
U.K.: The pound rose versus the U.S. dollar, as a report showed a decline in U.S. GDP.
Central bank policy
U.S.: The Federal Reserve committed to using its full range of tools to support the economy, and held rates steady.
GERMANY: Import prices fell 5.1% year over year in June.
CANADA: Industrial prices rose 0.4% in June.
CANADA: GDP grew 4.5% in May.
CHINA: Industrial profits fell 12.8% year over year in the first six months of 2020.
GERMANY: Retail sales fell 1.6% in July.
GERMANY: Second-quarter GDP fell by 10.1% compared with the first quarter.
U.S.: Durable goods orders increased 7.3% in June.
U.S.: Home prices posted an annual gain of 4.5% in May.
U.S.: Pending home sales surged 16.6% in June.
U.S.: GDP decreased at an annual rate of 32.9% in the second quarter, according to the Bureau of Economic Analysis.
EUROZONE: The Economic Sentiment Indicator rose sharply in July.
GERMANY: The ifo Business Climate Index increased in July.
U.S.: The Conference Board Consumer Confidence Index declined in July.
U.S.: The University of Michigan’s index of consumer sentiment slipped to 72.5 in July from 78.1 in June.