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Bezos ◱ ◱@jeffreyprestonbezos·Apr 14

[Signal Lab Research] 4/14 (Fri) Key Economic Indicators to Watch

● Retail Sales in March

  • Expected: MoM -0.4% / Previous: MoM -0.4% ● (U.S.) March core retail sales
  • Expected: MoM -0.3% / Previous: MoM -0.1% ● (U.S.) Fed Director Christopher Waller Speaks ● Industrial production in March
  • Expected: MoM +0.2% / Previous: MoM +0.3% ● (U.S.) Corporate Inventory for February
  • Expected: MoM +0.3% / Previous: MoM -0.1% ● (U.S.) Michigan University's Consumer Expectation Index for April
  • Expected: 60.0 / Prior: 59.2 ● (U.S.) Michigan University's Consumer Sentiment Index for April
  • Expected: 62.0 / Previous: 62.0 ● (U.S.) Baker Hughes Excavation Equipment Number Announced
  • Previous: 590

Today, we need to pay attention to real economic indicators such as U.S. retail sales and industrial production, as well as remarks by the University of Michigan Consumer Index and Fed Director Christopher Waller.

Inflation concerns eased substantially yesterday as the U.S. March producer price index (PPI) fell below market expectations. As a result, the market's concern could shift to an economic recession.

Concerns about an economic recession have recently begun to emerge in the U.S. The direction of the economic recession issue will be determined by the direction of the indicators released today.

Retail sales fell in March from February, industrial output slowed from February, and corporate inventories are expected to rise in February from January. If all three fall below market expectations, concerns over an economic recession may intensify.

The preliminary figures for the Michigan University Consumer Index for April are generally expected to be positive. The expectation index is expected to rise slightly compared to March, and the sentiment index is expected to be the same as in March.

It is also worth paying attention to the announcement of the number of excavation equipment announced by Baker Hughes. Despite the recent strength of international oil prices, the number of excavation equipment is rather decreasing, and it is important whether this trend will continue.