Trade Balance
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| Trade Balance Prior=$-38.4B Est=$-41.0B Act=$-38.3B |
The trade balance improved as exports remain strong while the employment situation is keeping a lid on import demand.
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PPI M/M Prior=0.8% Est=0.9% Act=1.1%
Ex F&E Prior=0.3% Est=0.2% Act=0.2%
PPI Y/Y Prior=3.5% Act=4.1%
Ex F&E Prior1.3% Act=1.4% |
With many commodity prices rallying to multi-year highs on the back of increased demand and/or adverse growing conditions producers are facing increasing cost. We will have to wait until Friday's CPI numbers to see if those costs are being passed on to consumers.
Weekly Jobs Report (Click to view Report)
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New Claims Prior=410K Est=405K Act=445K
Four week average Prior=411K Act=416.5 |
The US Department of Labor notes that year-end factors and adverse weather conditions may have caused a delay in unemployment filings.
Natural Gas Storage Report (Click to view Report)
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| Change in Supply Prior=-135Bcf Est=-140Bcf Act=-138Bcf |
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