Saturday, April 08, 2017

Schedule for Week of Apr 9, 2017

by Bill McBride on 4/08/2017 08:11:00 AM

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

----- Monday, Apr 10th -----

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

4:10 PM: Discussion with Fed Chair Janet Yellen, Discussion with Ford School Dean Susan M. Collins, Gerald R. Ford School of Public Policy: Policy Talk Series, Ann Arbor, Michigan

----- Tuesday, Apr 11th-----

6:00 AM ET: NFIB Small Business Optimism Index for March.

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for February 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 were mostly unchanged in January at 5.626 million compared to 5.539 million in December.

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

----- Wednesday, Apr 12th -----

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

----- Thursday, Apr 13th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 243 thousand initial claims, up from 234 thousand the previous week.

8:30 AM: The Producer Price Index for March from the BLS. The consensus is for no change in PPI, and a 0.2% increase in core PPI.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for April). The consensus is for a reading of 97.0, up from 96.9 in March.

----- Friday, Apr 14th -----

Retail Sales8:30 AM ET: Retail sales for March will be released.  The consensus is for no change in retail sales in March.

This graph shows retail sales since 1992 through February 2017.

8:30 AM: The Consumer Price Index for March from the BLS. The consensus is for no change in CPI, and a 0.2% increase in core CPI.

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