US data coming up today - August PPI (ahead of CPI on Thursday) - preview

Author: Eamonn Sheridan | Category: News

I posted on Deutsche Bank's preview note earlier: Big data day from the US on Wednesday - producer inflation the focus

That post has consensus expected, priors etc. also

This now via Barclays:
  • We expect final demand PPI to have risen 0.3% m/m and 2.5% y/y in August. We forecast core PPI to have risen by 0.2% and 2.1% y/y. Final demand PPI has gradually increased over the past year as the drag from the energy component has diminished and core PPI has also picked up. Moreover, the PPI inflation measure has not been as soft as CPI in recent months. We expect pipeline price pressures to remain firm, reflecting the fact that the headwind from imported inflation and global commodity prices has abated in recent months.

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