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).