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

Currency

U.K.: The pound rose versus the U.S. dollar, as a report showed a decline in U.S. GDP.

Trade

GERMANY: Import prices fell 5.1% year over year in June.

Growth

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.

Employment trends

EUROZONE: The unemployment rate rose to 7.8% in June from 7.7% in May.

U.S.: Initial jobless claims reached 1,434,000 in the week ended July 25, 2020.

Inflation/deflation

AUSTRALIA: The CPI fell 1.9% in the June quarter.

GERMANY: Inflation is expected to decline 0.1% year over year in July.