HALISTER1: U.S. ECO PREVIEW: Import Prices Due in 5 Minutes

U.S. ECO PREVIEW: Import Prices Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Import prices 0.6% m/m; range 0.1% to 1% (36 estimates)
  • Import prices ex petro 0.2% m/m; range 0.1% to 0.3% (12 estimates)
  • Import Prices 2.6% y/y; range 2.6% to 2.9% (9 estimates)
  • Export Prices 0.45% m/m; range 0.1% to 0.5% (8 estimates)
    • “Ordinarily, a decline in the dollar should result in an upside bias for import prices, but this linkage has been weak in 2017. In broad, trade-weighted terms, the dollar is down 7% for the first eight months of the year; meanwhile, non-petroleum import prices are up just 1% over the same period”: Bloomberg Intelligence
    • In August, the import price index rose 0.6 percent, the first increase in four months
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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