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Saturday, September 08, 2018

Schedule for Week of September 9, 2018

by Calculated Risk on 9/08/2018 08:11:00 AM

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

For manufacturing, August industrial production will be released this week.

----- Monday, Sept 10th -----

3:00 PM: Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $14.0 billion in July.

----- Tuesday, Sept 11th -----

6:00 AM: NFIB Small Business Optimism Index for August.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for July 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 slightly in June to 6.662 million from 6.659 million in May.

The number of job openings (yellow) were up 9% year-over-year, and Quits were up 7% year-over-year.

----- Wednesday, Sept 12th -----

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 August from the BLS. The consensus is a 0.2% increase in PPI, and a 0.2% increase in core PPI.

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

----- Thursday, Sept 13th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 210 thousand initial claims, up from 203 thousand the previous week.

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

----- Friday, Sept 14th -----

Year-over-year change in Retail Sales8:30 AM ET: Retail sales for August will be released.  The consensus is for a 0.4% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 5.1% on a YoY basis in July.

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

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 78.3%.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for September).