For Friday, June 12 TheStreet highlights a couple of economic data to watch on Wall Street. In the morning, both the producer price index final demand and the consumer sentiment index for mid-June are scheduled to be released. The Department of Labor will release the PPI and core PPI figures for the month of May. The producer price index final demand for May is expected to increase by 0.4% compared to a month prior. The increase in energy prices along with the bounce in oil will likely lift PPI out of negative territory. But, the core PPI index is forecast to rise by just 0.1%. Also, the University of Michigan releases its preliminary survey of consumers for mid-June. After the strong jobs report release in the first week of June, analysts are expecting the consumer sentiment figure to rise as workers see a strengthening U.S. economy. The sentiment index is expected to come in at 91.2 for the flash reading, compared to the 90.7 at the end of May. TheStreet’s Kurumi Fukushima reports in New York.
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