U.S. ECO PREVIEW: Producer Prices, Jobless Claims Due at 8:30
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- Initial Claims 245k; range 235k to 255k (46 estimates)
- Cont. Claims 1980k; range 1970k to 2010k (5 estimates)
- "In the coming weeks, larger and possibly prolonged layoffs, stemming from shutdowns in the auto industry due to sales weakness and model retooling, may send claims higher": Bloomberg Intelligence
- The prior report showed jobless claims dropped by 19,000 in the week ended April to a three-week low of 238,000
- PPI 0.2% m/m; range -0.1% to 0.4% (58 estimates)
- Core PPI 0.2% m/m; range -0.1% to 0.3% (48 estimates)
- Ex trade PPI 0.2% m/m; range 0.1% to 0.2% (8 estimates)
- PPI 2.2% y/y; range 2% to 2.4% (23 estimates)
- Core PPI 1.6% y/y; range 1.5% to 1.8% (22 estimates)
- Inflation is "trending higher" as energy prices rise from low levels: Bloomberg Intelligence
- In March, the PPI rose 2.3 percent from a year earlier, the most in five years
- On a month-over-month basis, though, it fell 0.1 percent, the first decline since August, evidence prices will accelerate only gradually
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283