REWIND

This week’s most important econ data—in charts

This week’s economic updates didn’t exactly offer a global picture on the state of the economy. The most important releases centered on the UK and the US. (Although a report on Chinese GDP early in the week was notable.) But a clear takeaway from the data—as well as the earnings updates from major corporations—was that the resilient US economy is a corporate sweet spot for growth. Here’s a day-by-day snapshot of the week:

Monday

1. Chinese GDP slowed to 7.5% in the second quarter, extending the longest string of sub-8% growth in at least two decades.

Screen Shot 2013-07-19 at 4.05.43 PM

2. Autos helped produce decent retail sales in June. (But slightly less than economists expected.)

Screen Shot 2013-07-19 at 2.29.58 PM

Furniture sales spiked, indicating that the benefits of the housing recovery are touching more parts of the US economy.

Screen Shot 2013-07-19 at 2.35.12 PM

3. The Empire State Manufacturing Survey bounced further into economic expansion territory. (Which is basically anything above zero.) A gauge of manufacturing conditions in New York, the survey is one of the earliest reliable pieces of economic data available in the current month.

Empire-State-Manufacturing-Survey-general-conditions-index_chart

Tuesday

5. US industrial production did better than expected in June as factories churned out more computers and cars.

Screen Shot 2013-07-19 at 2.48.09 PM

Wednesday

6. The UK job market showed slow improvement, as the number of people claiming unemployment benefits shrank for the eighth straight month. Still, it remains quite elevated.

Screen Shot 2013-07-19 at 2.50.47 PM

7. Headline US housing starts showed a sharp drop in June, when they fell 9.9%. But it was all driven by the volatile multifamily sector.

Screen Shot 2013-07-19 at 2.58.08 PM

Thursday

8. Nominal UK retail sales rose for the second straight month, the first time they’ve pulled off the feat since last July.

Screen Shot 2013-07-19 at 3.02.32 PM

Friday

9. Brazil’s painful price increases eased slightly in early July, after officials rolled back increased prices of public transport that had helped set off mass protests.

Brazilian-benchmark-inflation-y-on-y-change_chart (1)
home our picks popular latest obsessions search