According to analysts at National Bank Financial, the release of the consumer price index for February in the US will attract a lot of attention.
Key Quotes
“Headline prices could have risen 0.2% in the month, as gasoline prices rose roughly in line with historical averages. Such an increase would leave the annual rate unchanged at 1.6%. Core prices may also have remained unchanged on an annual basis from the previous month.”
“In other news, industrial production may have bounced back in February, reflecting a likely expansion of output in the manufacturing sector. Mining, on the other hand, should act as a drag judging from the decrease in the number of rigs operating in the country.”
“We’ll get durable goods orders for January, with a retreat expected based on the decline observed in civilian plane orders. Several other indicators for January are scheduled for release including new home sales and construction spending. Finally, February’s iteration of the NFIB Small Business Optimism Index will be available.”
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