Saturday, October 10, 2015

Schedule for Week of October 11, 2015

by Bill McBride on 10/10/2015 08:15:00 AM

The key economic reports this week is September retail sales on Tuesday.

For manufacturing, September Industrial Production will be released on Friday, and the October NY and Philly Fed manufacturing surveys will be released this week.

For prices, CPI will be released on Thursday.

----- Monday, October 12th -----

The Bond Market and Banks will be closed in observance of the Columbus Day Holiday. The stock market will be open.

----- Tuesday, October 13th -----

9:00 AM ET: NFIB Small Business Optimism Index for September.

2:00 PM: The Monthly Treasury Budget Statement for September (end of fiscal 2015).

----- Wednesday, October 14th -----

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

8:30 AM: The Producer Price Index for September from the BLS. The consensus is for a 0.2% decrease in prices, and a 0.1% increase in core PPI.

Retail Sales8:30 AM ET: Retail sales for September will be released.

This graph shows retail sales since 1992 through August 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were up 0.2% from July to August (seasonally adjusted), and sales were up 2.2% from August 2014.

The consensus is for retail sales to increase 0.1% in September, and to decrease 0.1% ex-autos.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for August.  The consensus is for no change in inventories.

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, October 15th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 270 thousand initial claims, up from 263 thousand the previous week.

8:30 AM: The Consumer Price Index for September from the BLS. The consensus is for a 0.2% decrease in CPI, and a 0.1% increase in core CPI.

8:30 AM: NY Fed Empire State Manufacturing Survey for October. The consensus is for a reading of -7.0, up from -14.7.

10:00 AM: the Philly Fed manufacturing survey for October. The consensus is for a reading of -1.0, up from -6.0.

----- Friday, October 16th -----

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

This graph shows industrial production since 1967.

The consensus is for a 0.3% decrease in Industrial Production, and for Capacity Utilization to decrease to 77.4%.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for August 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 July to 5.753 million from 5.323 million in June

The number of job openings (yellow) were up 22% year-over-year, and Quits were up 6% year-over-year.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for October). The consensus is for a reading of 89.5, up from 87.2 in September.