U.S. ECO PREVIEW: Jobless Claims, Producer Prices in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- Initial Claims 245k; range 225k to 255k (46 estimates)
- Cont. Claims 1950k; range 1920k to 1952k (9 estimates)
- The prior report showed jobless claims rose by 4,000 in the week ended June 24 to 248,000
- Claims could move higher as anecdotes point to larger- than-usual number of furloughs during the auto industry’s annual retooling process; for now, claims “are far from disconcerting levels": Bloomberg Intelligence
- PPI 0% m/m; range -0.2% to 0.2% (63 estimates)
- Core PPI 0.2% m/m; range -0.1% to 0.3% (53 estimates)
- Ex trade PPI 0.2% m/m; range 0.1% to 0.2% (8 estimates)
- PPI 1.9% y/y; range 1.7% to 2.3% (24 estimates)
- Core PPI 2% y/y; range 1.8% to 2.1% (21 estimates)
- A gradual rise in core PPI “suggests some mounting, albeit slight, pipeline inflation”: Bloomberg Intelligence
- In May, headline PPI was unchanged while core PPI rose 0.3 percent
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Topics
First Word Credit US
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283