Saturday, August 08, 2015

Schedule for Week of August 9, 2015

by Bill McBride on 8/08/2015 08:11:00 AM

The key economic report this week is July Retail sales on Thursday.

For manufacturing, the July Industrial Production and Capacity Utilization report will be released this week.

For prices, PPI will be released on Friday.

----- Monday, August 10th -----

10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).

----- Tuesday, August 11th -----

9:00 AM: NFIB Small Business Optimism Index for July.

----- Wednesday, August 12th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for June 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.

Jobs openings increased in May to 5.363 million from 5.334 million in April.

The number of job openings (yellow) were up 16% year-over-year, and Quits were up 8% year-over-year.

2:00 PM ET: The Monthly Treasury Budget Statement for July.

----- Thursday, August 13th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to be unchanged at 270 thousand.

Retail Sales 8:30 AM ET: Retail sales for July will be released.

This graph shows retail sales since 1992 through June 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were down 0.3% from May to June (seasonally adjusted), and sales were up 1.4% from June 2014.

The consensus is for retail sales to increase 0.5% in July, and to increase 0.4% ex-autos.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for June.  The consensus is for a 0.3% increase in inventories.

11:00 AM: the New York Fed will Release the Q2 2015 Household Debt and Credit Report

----- Friday, August 14th -----

8:30 AM ET: The Producer Price Index for July from the BLS. The consensus is for a 0.1% increase in prices, and a 0.1% increase in core PPI.

Industrial Production 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for July.

This graph shows industrial production since 1967.

The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 78.1%.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for August). The consensus is for a reading of 93.5, up from 93.1 in July.