by Bill McBride on 3/08/2014 09:31:00 AM
Saturday, March 08, 2014
The key report this week is February retail sales on Thursday.
No economic releases scheduled.
7:30 AM ET: NFIB Small Business Optimism Index for February.
10:00 AM: Job Openings and Labor Turnover Survey for January from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
The number of job openings (yellow) were up 10.5% year-over-year in December compared to December 2012, and Quits increased in December and were up about 12% year-over-year.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for January. The consensus is for a 0.4% increase in inventories.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
2:00 PM ET: the Monthly Treasury Budget Statement for February.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 330 thousand from 323 thousand.
8:30 AM ET: Retail sales for February will be released.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales decreased 0.4% from December to January (seasonally adjusted), and sales were up 2.6% from January 2013.
The consensus is for retail sales to increase 0.2% in February, and to increase 0.1% ex-autos.
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for January. The consensus is for a 0.4% increase in inventories.
8:30 AM: The Producer Price Index for February from the BLS. The consensus is for a 0.2% increase in prices.
9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for March). The consensus is for a reading of 81.8, up from 81.6 in February.
Posted by Bill McBride on 3/08/2014 09:31:00 AM