By the numbers: The global economy this week

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

September 20, 2021


U.K.: The pound rose versus other currencies following a report that inflation reached a nine-year high in August.

Central bank policy

AUSTRALIA: Reserve Bank of Australia Governor Philip Lowe noted that interest rates were not expected to be increased until 2024.


EUROZONE: The euro area recorded a trade surplus in July.

U.S.: Import prices declined 0.3% in August.


CHINA: Retail sales grew 2.5% year over year in August, slower than anticipated.

CHINA: The Producer Price Index rose 9.5% year over year in August.

EUROZONE: Industrial production grew 1.5% in July compared with June.

EUROZONE: Construction production rose 0.1% in July compared with June.

GERMANY: Wholesale prices rose 0.5% in August compared with July.

GERMANY: Producer prices decreased 0.3% in July compared with June.

JAPAN: Industrial production fell 1.5% in July.

U.K.: Industrial producer prices climbed 5.9% on the year to August.

U.S.: Industrial production increased 0.4% in August.

U.S.: Retail sales grew 0.7% in August compared with July.

Employment trends

U.K.: The unemployment rate dipped to 4.6% in the second quarter from 4.3% in the previous quarter.

U.S.: Initial jobless claims rose by 20,000 to 332,000 in the week ended September 11, 2021.


AUSTRALIA: Consumer inflation expectations fell to 3.30% in August from 3.70% in July.

CHINA: The CPI rose by 0.8% year over year in August.

EUROZONE: The annual inflation rate was 3.0% in August, up from 2.2% in July.

U.K.: The CPI grew 3.2% in the 12 months to August.

U.S.: The CPI increased 0.3% and core CPI rose 0.1% in August.

U.S.: Consumer inflation expectations increased to 5.2% in August from 4.8% in July.

Market sentiment