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First Quarter ECI Preview - 08:30...........>

US DATA
US DATA: First Quarter ECI Preview - 08:30 EDT/13:30 BST
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- The Employment Cost Index is expected to rise by 0.7% in the first quarter
based on the Bloomberg consensus and by 0.8% based on an MNI survey of analysts,
in line with previous quarter.
- ECI rose by 0.8% in the first quarter of 2018, so the forecasted gains should
allow the year/year rate to slip to 2.8% from 2.9% in the fourth quarter,
barring any major revision.

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