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Pastimes : ASK Vendit Off Topic Questions

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To: DOUG H who wrote (594)6/6/1999 7:26:00 PM
From: Venditâ„¢  Read Replies (1) of 19374
 
Retail sales probably increased by 0.5 percent in May after
rising 0.1 percent in April, led by demand for durable goods
ranging from autos and computers to building materials and
furniture, analysts said.

''You're going to see retail sales come roaring back in
May,'' said William Sullivan, an economist at Morgan Stanley
Dean Witter in New York. That will keep alive Fed concerns about
consumer demand driving prices higher, Sullivan said. The
Commerce Department issues the report Friday.

Even as consumer prices perk up, producer prices have been
tame. The Labor Department's producer price index, also set for
release Friday, will probably register a 0.2 percent increase
for May following a 0.5 percent rise in April, analysts said.

Outside of food and energy, the PPI probably rose 0.1
percent in May, the same as April.


bloomberg.com

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