U.S. ECO PREVIEW: Retail Sales, CPI Due in 5 Minutes
(Bloomberg) -- Following are
forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- Retail sales 0.6% m/m; range 0.3% to 1% (79 estimates)
- Retail ex-autos 0.5% m/m; range 0.1% to 0.8% (71 estimates)
- Retail ex-auto/gas 0.4% m/m; range 0.3% to 0.6% (22 estimates)
- Retail control 0.4% m/m; range 0.2% to 0.7% (26 estimates)
- Accelerating income growth, recovery in retail hiring, point to growth: Bloomberg Intelligence
- Retail sales posted back-to-back declines in February and March
- CPI 0.2% m/m; range -0.3% to 0.5% (79 estimates)
- Core CPI 0.2% m/m; range 0% to 0.4% (79 estimates)
- CPI 2.3% y/y; range 2.1% to 2.4% (47 estimates)
- CORE CPI 2% y/y; range 1.9% to 2.2% (46 estimates)
- Core CPI Index SA 251.409; range 251.319 to 251.57 (3 estimates)
- CPI Index NSA 244.61; range 244.51 to 244.745 (13 estimates)
- "Analysts will look to the April CPI data for confirmation that the unusual results in March were indeed anomalous": Bloomberg Intelligence
- In March, the CPI dropped 0.3 percent, the first decline since February 2016, reflecting cheaper motor vehicles, wireless phones services and apparel
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