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 changes in expectations came from:
- Import Price Index decreasing from -6.1% to -4.6%
- Housing Starts increasing from 1,434K to 1,455K (+1.4%)
- Industrial Production turning positive from -0.5% to 0.2%
These changes in expectations come following this weeks Consumer Price Index (CPI) report (+0.2% MoM and +3.2% YoY) and Producer Price Index (PPI) report (+0.3% MoM and +0.8% YoY).