The 16 most important charts from a crucial week in global economics

This last week was a big one in that it showed broad-based improvement in the global economy. The US recovery seems to be gathering strength, if not picking up speed. Signs of hope emerged in Europe. And Asian markets telegraphed growing expectations that governments there will take action to kick economic expansion into a higher gear. Here are the key developments from the week that was:

US home price gains slowed, but they still rose 9.3% in May (paywall)

S-P-Case-Shiller-20-city-home-price-index-year-on-year-change-S-P-Case-Shiller-20-city-home-price-index-year-on-year-change_chartbuilder

US consumer confidence hit a post-crisis high

Conference-Board-consumer-confidence-index-Conference-Board-consumer-confidence-index_chartbuilder (2)

German bond yields touched all-time lows amid unrest in Ukraine

Long-term-German-bond-yields-1815-2014-Close_chartbuilder

Japan reported some of the strongest labor demand in decades

Japan-job-opening-to-application-ratio-Japan-job-opening-to-application-ratio_chartbuilder

Korea posted another giant current account surplus

Korea-s-current-account-balance-in-billions-Korea-s-current-account-balance-in-billions-of-USD_chartbuilder

US economic growth surged in the second quarter, after hitting a first-quarter pothole

US-quarterly-real-GDP-annualized-change-US-real-GDP-annualized-change_chartbuilder

Spain, the euro zone’s fourth-largest economy, grew faster than economists expected during the second quarter

Spain-GDP-quarter-on-quarter-change-Spain-GDP-quarter-on-quarter-change_chartbuilder

The Fed acknowledged some economic improvement, and continued tapering the bond-buying programs that have expanded its balance sheet

Total-assets-on-the-Fed-s-balance-sheet-Total-assets-on-the-Fed-s-balance-sheet-in-trillions_chartbuilder (2)

Japan’s industrial production data looked quite weak

Japan-industrial-output-month-on-month-change-Japan-industrial-output-month-on-month-change_chartbuilder (1)

Europe continued to flirt with deflation

Euro-zone-consumer-price-index-change-over-prior-year-ECB-inflation-target_chartbuilder (2)

Germany’s unemployment rate remained at multi-decade lows

Germany-adjusted-unemployment-rate-Germany-adjusted-unemployment-rate-_chartbuilder

Taiwan’s economy grew faster, thanks to exports and investment

Taiwan-GDP-year-on-year-change-Taiwan-GDP-year-on-year-change_chartbuilder (1)

European unemployment continues to fall from historically high levels

Euro-zone-unemployment-rate-Euro-zone-unemployment-rate_chartbuilder (3)

The US job market continued improving in July, the sixth consecutive month in which more than 200,000 jobs were created

US-total-nonfarm-payrolls-in-millions-Pre-crisis-peak_chartbuilder

Though US wage growth remains quite muted

Average-hourly-earnings-year-on-year-change-Production-and-nonsupervisory-workers-Private-sector-workers_chartbuilder

And there is little sign of US inflation, according to the Fed’s preferred measure

Core-PCE-inflation-year-on-year-change-Fed-target_chartbuilder (2)
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