By: Bloomberg Finance L.P. and Wells Fargo Economics

Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts.

The most significant highlights are:

  • Monthly Budget Statement increasing from -$129.4B to -$21.0B
  • Retail Sales (MoM) declining from 0.6% to 0.1%
  • Business Inventories reversing direction from -0.1% to 0.4%