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

Currency

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.

Trade

EUROZONE: The eurozone recorded a trade surplus in April.

JAPAN: Exports jumped 49.6% year over year in May.

U.S.: Import prices rose 1.1% and export prices increased 2.2% in May.

Growth

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.

Employment trends

U.K.: The unemployment rate fell to 4.7% in the three months to April from 5.0% in the previous quarter.

U.S.: Initial jobless claims rose to 412,000 in the week ended June 12, 2021.

Inflation/deflation

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.

Market sentiment

JAPAN: Business sentiment fell in May for the first time in four months.