Data to Give Read on Inflation
- Share via
Wall Street watchers say the economic data due out this week will not have as much of a make-or-break effect on the market as last week’s labor numbers, which showed the nation’s unemployment rate is conforming to a trend of a slowing U.S. economy. On Friday, investors will get a reading on inflation at the wholesale level in June as well as a report on just how spend-happy shoppers were in the same month. The producer price index is expected to tick up 0.5% in June after being unchanged in the previous month. The recent surge in oil prices is seen as a factor in the upswing. But excluding volatile food and energy prices, the core PPI is forecast to blip up only 0.1% versus a 0.2% increase in May, economists predict. As for retail sales, American consumers are seen as having hit the stores again, pushing sales figures up 0.4% in June after a 0.3% drop in May. Stripping out volatile auto sales, the core rate is forecast to haven risen by the same 0.4% after being unchanged in the previous month.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.