By the numbers: The global economy this week

Highlights of economic data released last week, from central bank policies to trade and growth trends.

December 16, 2019

Currency

U.K.: The pound soared versus other currencies after a decisive election.

U.S.: The dollar fell versus other major currencies, hitting a four-month low, as the Federal Reserve held rates steady.

Trade

U.K.: The trade deficit widened in the three months to October.

Growth

CHINA: The Producer Price Index fell 1.4% year over year in November.

EUROZONE: Industrial production fell 0.5% in October.

GERMANY: Wholesale prices fell 2.5% year over year in November.

U.K.: Industrial output decreased 0.7% in the three months to October.

U.K.: The Index of Services increased by 0.2% in the three months to October.

U.K.: Construction output decreased by 0.3% in the three months to October.

U.K.: The GDP was flat in the three months to October.

U.S.: The Producer Price Index for final demand was unchanged in November.

Employment trends

GERMANY: Labor costs increased 3.1% year over year in the third quarter.

U.S.: Initial jobless claims rose by 49,000 to 252,000 in the week ended December 7, 2019.

Inflation/deflation

CHINA: The CPI increased 4.5% year over year in November.

GERMANY: The CPI climbed 1.1% year over year in November.

U.S.: The CPI rose 0.3% and core CPI increased 0.2% in November.

Market sentiment