Thursday, September 10, 2015

Friday: PPI, Consumer Sentiment

by Bill McBride on 9/10/2015 07:33:00 PM

Merrill Lynch expects Q2 GDP to be revised up from 3.7% SAAR:

The Census Bureau released the 2Q Quarterly Services Survey, revealing a stronger trend for healthcare services spending. Feeding this into our tracking model added 0.2pp to 2Q GDP tracking, leaving us at 3.9% qoq saar. Meanwhile, 3Q tracking was unchanged at 2.9%.
• At 8:30 AM ET, the Producer Price Index for August from the BLS. The consensus is for a 0.2% decrease in prices, and a 0.1% increase in core PPI.

• At 10:00 AM, University of Michigan's Consumer sentiment index (preliminary for September). The consensus is for a reading of 91.0, down from 91.9 in August.

• At 2:00 PM, the Monthly Treasury Budget Statement for August.