U.S. ECO PREVIEW: Producer Prices Due in 5 Minutes
(Bloomberg) -- Following are
forecasts for today’s U.S. economic releases as compiled by Bloomberg News.
- PPI 0% m/m; range -0.3% to 0.2% (61 estimates)
- Core PPI 0.1% m/m; range -0.2% to 0.3% (53 estimates)
- Ex trade PPI 0.1% m/m; range -0.1% to 0.2% (8 estimates)
- PPI 2.3% y/y; range 2% to 2.5% (23 estimates)
- Core PPI 1.9% y/y; range 1.7% to 2.2% (22 estimates)
- "Wholesale prices are running at the highest pace since 2012 as base effects push food and energy prices higher. Nevertheless, PPI will likely recede in the coming months, given that oil prices have fallen and overall commodity prices are lower than year-ago levels": Bloomberg Intelligence
- On a year-over-year basis, PPI rose 2.5 percent in April, the most since February 2012
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