Saturday, July 09, 2016

Schedule for Week of July 10, 2016

by Bill McBride on 7/09/2016 08:09:00 AM

The key economic reports this week are Retail Sales and the Consumer Price Index (CPI) on Friday.

For manufacturing, Industrial Production, and the July New York Fed manufacturing survey, will be released this week.

----- Monday, July 11th -----

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

----- Tuesday, July 12th -----

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

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for May 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 April to 5.788 million from 5.670 million in March.

The number of job openings (yellow) were up 4% year-over-year, and Quits were up 9% year-over-year.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for May. The consensus is for a 0.2% increase in inventories.

----- Wednesday, July 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.

----- Thursday, July 14th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, up from 254 thousand the previous week.

8:30 AM: The Producer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices, and a 0.2% increase in core PPI.

----- Friday, July 15th -----

8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.2% increase in core CPI.

Retail Sales8:30 AM ET: Retail sales for June will be released.  The consensus is for retail sales to increase 0.1% in June.

This graph shows retail sales since 1992 through May 2016.

8:30 AM: the New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 5.0, down from 6.0.

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

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 75.0%.

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

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