The week’s 14 most important economic charts

US durable goods surged in July, thanks to soaring aircraft orders.

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US home price gains continued, but at a slower pace.

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And US consumer confidence kept rising

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…as the Fed’s preferred gauge shows little sign of inflation

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And second-quarter US GDP growth was better than first thought, thanks to investment

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A buoyant US seems to be helping Canada, which grew faster than expected in the second quarter

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While Europe, skirted even closer to deflation in August.

Euro-zone-consumer-price-index-change-over-prior-year-ECB-inflation-target_chartbuilder (4)

And in fact, Italy joined countries like Greece, Spain and Portugal in deflation.

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Meanwhile in the continent’s troubled banking system, business lending continues to shrink

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…and the euro zone’s second largest economy, France, is facing a jobs crisis

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Brazil slipped into recession in the second quarter

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Argentina’s currency collapse continued

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But South Africa was able to avoid recession

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And India’s economic growth was peppier than expected

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