HALISTER1: U.S. ECO PREVIEW: Producer Price Index Due in 5 Minutes

U.S. ECO PREVIEW: Producer Price Index Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • PPI 0.3% m/m; range 0.2% to 0.5% (63 estimates)
    • Would be third consecutive increase
  • Core PPI 0.2% m/m; range 0.1% to 0.3% (55 estimates)
  • Ex trade PPI 0.2% m/m; range 0.1% to 0.2% (9 estimates)
  • PPI 1.5% y/y; range 1.4% to 1.7% (25 estimates)
  • Core PPI 1.1% y/y; range 0.9% to 1.7% (23 estimates)
  • "The fundamental case for a continued firming in U.S. inflation looks very compelling. After a long expansion, the economy is now operating close to full employment, resulting in a steady pickup in underlying price pressures": Goldman Sachs economists Daan Struyven and Zach Pandl
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Daan Struyven (Goldman Sachs Group Inc/The)
Zach Pandl (Goldman Sachs Group Inc/The)

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