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Industrial production unexpectedly rose in March but ALL of the increase was due to utility production of energy as temperatures cooled during the month. Inflation expectations rose in the out months as consumers realize inflation is not fleeting and permanent under Biden. Retail sales collapses as the recession approaches.
Export Price Index (MoM)(Mar) printed at -0.3% vs -0.1% consensus estimate.
Export Price Index (YoY)(Mar) printed at -4.8% vs -4.2% estimate.
Import Price Index (MoM)(Mar) printed at -0.6% vs -0.1% estimate.
Import Price Index (YoY)(Mar) printed at -4.6% vs -3.7% estimate.
Retail Sales (MoM)(Mar) printed at -1% vs -0.4% estimate.
Retail Sales Control Group(Mar) printed at -0.3 vs 0.6% estimate.
Retail Sales ex Autos (MoM)(Mar) printed at -0.8% vs -0.3% estimate.
Capacity Utilization(Mar) printed at 79.8% vs 79% estimate.
Industrial Production (MoM)(Mar) printed at 0.4% vs 0.2% estimate.
Business Inventories(Feb) printed at 0.2% vs 0.3% estimate.
Michigan Consumer Sentiment Index(Apr) PREL printed at 63.5 vs 62 estimate.
UoM 5-year Consumer Inflation Expectation(Apr) PREL printed at 2.9%.
