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 5, 2022

Currency

U.K.: The pound rose versus the U.S. dollar amid improving investor sentiment.

Central bank policy
Employment trends

U.S.: The United States added 263,000 jobs and the unemployment rate remained unchanged at 3.7% in November.

U.S.: Initial jobless claims fell by 16,000 to 225,000 in the week ended November 26, 2022.

Growth

AUSTRALIA: Retail trade fell 0.2% in October compared with September.

CANADA: GDP grew 0.7% in the third quarter.

CHINA: The Manufacturing PMI rose to 49.4 in November from 49.2 in October.

GERMANY: Retail sales fell 2.8% in October compared with September.

EUROZONE: The Manufacturing PMI slipped to 47.1 in November from 46.4 in October.

JAPAN: Industrial production fell 2.6% in October.

JAPAN: Retail sales increased 4.3% year over year in October.

U.S.: Wholesale inventories increased 0.8% in October.

U.S.: The Manufacturing PMI fell to 47.7 in November from 50.4 in October.

U.S.: Retail inventories declined 0.2% in October.

U.S.: Pending home sales dropped 4.6% in October.

U.S.: Home prices posted a 10.6% annual gain in September, down from 12.1% in August.

U.S.: GDP grew at an annual rate of 2.9% in the third quarter.

Trade

U.S.: The trade deficit increased in October.

Inflation/deflation

EUROZONE: Euro area annual inflation fell to 10.0% in November from 10.6% in October.

GERMANY: The Consumer Price Index is expected to rise to 10.0% year over year in November.

Market sentiment

EUROZONE: The Economic Sentiment Indicator increased in November, for the first time since February.

U.S.: The Conference Board Consumer Confidence Index declined in November.