U.S. ECO PREVIEW: Retail Sales, CPI, Empire Due in 5 Minutes
(Bloomberg) -- Following are f
orecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- Empire 7; range 3 to 12 (43 estimates)
- Retail sales 0.1% m/m; range -0.2% to 0.5% (81 estimates)
- Retail ex-autos 0.4% m/m; range 0.1% to 1% (70 estimates)
- Retail ex-auto/gas 0.3% m/m; range 0.2% to 0.6% (23 estimates)
- Retail control 0.3% m/m; range 0.1% to 0.7% (25 estimates)
- "Retail sales (and consumer spending overall) are likely to continue witnessing fits and starts, but no sustained acceleration until income prospects firm": Bloomberg Intelligence
- Auto sales slowed in January, according to industry data
- Total retail sales have been on the rise since September
- CPI 0.3% m/m; range 0.1% to 0.4% (85 estimates)
- Core CPI 0.2% m/m; range 0.2% to 0.3% (83 estimates)
- CPI 2.4% y/y; range 2.2% to 2.5% (46 estimates)
- CORE CPI 2.1% y/y; range 2.1% to 2.3% (47 estimates)
- CPI Index NSA 242.479; range 242.341 to 242.6 (14 estimates)
- "The energy component of the CPI could have recorded another sizable increase in January, climbing by perhaps 2.8%. According to AAA, average prices at the pump jumped by 3.4% over the course of last month": Michelle Girard and Kevin Cummins, economists at Natwest
- CPI has been on the rise since August
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