Saturday, November 07, 2015

Schedule for Week of November 8th

by Bill McBride on 11/07/2015 08:11:00 AM

The key economic report this week is October retail sales on Friday.

----- Monday, November 9th -----

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

----- Tuesday, November 10th -----

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

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for August. The consensus is for a 0.1% increase in inventories.

----- Wednesday, November 11th -----

The Federal Government and Banks will be closed in observance of Veterans Day. The market will be open.

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

----- Thursday, November 12th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 266 thousand initial claims, down from 276 thousand the previous week.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for September 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 decreased in August to 5.370 million from 5.668 million in July.

The number of job openings (yellow) were up 9% year-over-year, and Quits were up 9% year-over-year.

2:00 PM: The Monthly Treasury Budget Statement for October.

6:00 PM: Speech by Fed Vice Chairman Stanley Fischer, The Transmission of Exchange Rate Changes to Output and Inflation, At the Conference on Monetary Policy Implementation and Transmission in the Post-Crisis Period, Washington, D.C.

----- Friday, November 13th -----

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

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

This graph shows retail sales since 1992 through September 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were up 0.1% from August to September (seasonally adjusted), and sales were up 2.4% from September 2014.

The consensus is for retail sales to increase 0.3% in October, and to increase 0.4% ex-autos.

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

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for November). The consensus is for a reading of 92.0, up from 90.0 in October.