HALISTER1: U.S. ECO PREVIEW: PPI, Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: PPI, Jobless Claims Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • PPI 0.4% m/m; range 0.1% to 0.7% (58 estimates)
  • Core PPI 0.2% m/m; range 0.1% to 0.3% (50 estimates)
  • Ex trade PPI 0.2% m/m; range 0.1% to 0.2% (8 estimates)
  • PPI 2.6% y/y; range 2.4% to 2.7% (22 estimates)
  • Core PPI 2% y/y; range 1.9% to 2.2% (20 estimates)
    • Headline PPI should get a boost from a spike in gasoline prices. -- Wrightson
    • "The September PPI report will be significantly influenced by the hurricanes, which placed upward price pressures on food (orange juice, cattle) and refined fuels (gasoline and diesel)." -- Bloomberg Intelligence
  • Initial Claims 250k; range 240k to 275k (42 estimates)
    • Still somewhat elevated by hurricanes. -- Wrightson
    • "The threefold strike from Harvey, Irma and Maria hitting the U.S. coast and territories just a few weeks apart in late August and mid-September is imparting longer-than-usual disruptions." -- Bloomberg Intelligence
  • Cont. Claims 1930k; range 1925k to 1935k (6 estimates)
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@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

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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