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43—yes, 43—charts that explain how the global economy wobbled forward last month

Published This article is more than 2 years old.

US GDP was peppier than previously thought, rising at a 4.6% annualized rate in the second quarter

 US new home sales surged 18% in August, hitting a six-year high…

…which explains why the outlook among US homebuilders is brightening

…even though the much-larger market for existing homes fell 1.8% in August

US car sales surged in August

…which juiced US personal spending

Companies continued investing, at least in the second-quarter

The US jobs report for August disappointed, with only 142,000 jobs created. (September numbers will be released on Friday.)

US inflation remains quite muted

…especially using the Fed’s favorite measure of price changes

American oil exports surged to levels not seen since the 1950s

US median incomes remain stuck where they were nearly 25 years ago

In China, the manufacturing economy continued to expand in September, which was better than expected

But Goldman Sachs slashed its economic forecast for the country

…as Chinese home prices have started to roll over

… and investment growth has been slowing markedly

 …along with the retail sector

 …growth in industrial production has hit a six-year low

…confirmed by a slump in electricity production, a good economic indicator

Japan continued to have trouble generating inflation, an ongoing struggle for Abenomics

And Japan registered its 26th-straight trade deficit

In Europe, second-quarter growth remained weak

Business lending continued to contract (pdf) …

…helping to push the continent toward deflation

…and the ECB to announce a surprise rate cut and quantitative easing plan in September

That announcement means the ECB will join the global money-creation party

There are some bright spots, irish property prices continued to rebound, led by a surge in Dublin

And the Irish economy looks like it is surging

In the UK, London’s average home price breached £500,000 (more than $815,000)…

…and British unemployment fell to its lowest level since 2008

Sweden’s GDP growth was better than expected in the second quarter

Brazil’s unemployment rate ticked up to 5%, but remains quite low

In Russia, unemployment hit a record low

Kenya’s economy grew by 25% overnight

Indian inflation seems to have been tamed, falling to near five-year lows

Israel’s second-quarter growth was softer than first thought

Colombian growth slowed in the second quarter, thanks to a weak energy sector

Remittances to the Philippines, the second-largest receiver of the cash flows, rose 6% year-on-year

Meanwhile, Canadian auto exports have surged, confirming demand south of the border

And Mexican remittances have fallen from the typical Mother’s Day peak. They’re up more 8% from last year, likely reflecting growing demand for workers in the US.

And down in Australia, the remarkable run of economic growth continued

New Zealand’s central bank first talked, and then pushed, down the kiwi dollar…

..which had been getting stronger as New Zealand’s economy is growing at its fastest pace in a decade

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