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 26, 2020

Currency

U.K.: The pound steadied at higher levels versus other currencies as Brexit talks resumed.

Central bank policy

EUROZONE: ECB President Lagarde said resurgence of coronavirus is a “clear risk” to the economic outlook.

U.S.: Economic activity increased at a slight to modest pace across all districts in September, the Federal Reserve reported.

Trade

CHINA: China passed a law to control exports for the purpose of “safeguarding national security and interests.”

Growth

CANADA: Retail sales increased 0.4% in August.

CANADA: Wholesale sales increased 0.3% in August.

CHINA: GDP grew 4.9% year over year in the third quarter.

CHINA: Retail sales climbed 3.3% year over year in September.

EUROZONE: The Flash PMI Composite Output Index declined to 49.4 in October from 50.4 in September.

GERMANY: The Flash PMI Composite Output Index slipped to 54.5 in October from 54.7 in September.

GERMANY: Producer prices fell 1.0% in September.

U.K.: Producer price inflation dropped to -0.9% on the year to September.

U.K.: The Flash PMI Composite Output Index fell to 52.9 in October from 56.5 in September.

U.S.: Housing starts rose 1.9% in September.

U.S.: Existing home sales surged 9.4% in September.

Employment trends

U.S.: Initial jobless claims reached 787,000 in the week ended October 17, 2020.

Inflation/deflation

CANADA: The CPI rose 0.5% year over year in September.

U.K.: The CPI 12-month inflation rate increased to 0.7% in September, up from 0.5% in August.