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July PPI Preview - 08:30............>

US DATA PREVIEW
US DATA PREVIEW: July PPI Preview - 08:30 EDT/13:30 BST
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- July PPI is expected to rise by 0.2% based on both the Bloomberg consensus and
MNI survey of analysts. This follows 0.1% gains in the previous two months.
Energy and food prices are each expected to be up slightly in the month.
- Excluding food and energy prices, analysts in both surveys see a 0.2% gain
after a 0.3% gain in June. 
- Overestimates in each of the last three years for both overall and core PPI
suggest that a downside surprise in possible.

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