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Thursday, June 14, 2012

Look Ahead: Industrial Production, Consumer Sentiment and more

by Calculated Risk on 6/14/2012 09:58:00 PM

It seems like it is all about Europe, but there are several US economic indicators to be released tomorrow:

• At 8:30 AM ET, The NY Fed Empire Manufacturing Survey for June will be released. The consensus is for a reading of 13.8, down from 17.1 in May (above zero is expansion).

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for May. The consensus is for no change in Industrial Production in May, and for Capacity Utilization to be unchanged at 79.2%.

• At 9:55 AM, the Reuter's/University of Michigan's Consumer sentiment index (preliminary for June) will be released. The consensus is for sentiment to decline to 77.5 from 79.3 in May.

• At 10:00 AM, the BLS will release the Regional and State Employment and Unemployment report for May 2012.

But most of the discussion tomorrow will be about Greece, Spain, Italy and the rest of Europe.