Saturday, January 09, 2016

Schedule for Week of January 11, 2016

by Bill McBride on 1/09/2016 08:09:00 AM

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

For manufacturing, December Industrial Production, and the January NY Fed manufacturing survey will be released on Friday.

----- Monday, January 11th -----

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

----- Tuesday, January 12th -----

5:30 AM ET: Panel Discussion with Vice Chairman Stanley Fischer, Monetary Policy, Financial Stability, and the Zero Lower Bound, At the Banque de France and Bank for International Settlements Farewell Symposium for Christian Noyer, Paris, France

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

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

Job openings decreased in October to 5.383 million from 5.534 million in September.

The number of job openings (yellow) were up 11% year-over-year, and Quits were up slightly year-over-year.

----- Wednesday, January 13th -----

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

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

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

----- Thursday, January 14th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 275 thousand initial claims, down from 277 thousand the previous week.

----- Friday, January 15th -----

8:30 AM: The Producer Price Index for December 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 December will be released.  The consensus is for retail sales to be unchanged in December,

This graph shows retail sales since 1992 through November 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 October to November (seasonally adjusted), and sales were up 1.4% from November 2014.

8:30 AM: NY Fed Empire State Manufacturing Survey for January. The consensus is for a reading of -4.0, up from -4.6.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December.

This graph shows industrial production since 1967.

The consensus is for a 0.2% decrease in Industrial Production, and for Capacity Utilization to decrease to 76.8%.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for January). The consensus is for a reading of 93.0, up from 92.6 in December.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for November.  The consensus is for a 0.1% increase in inventories.