In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Saturday, June 09, 2012

Schedule for Week of June 10th

by Calculated Risk on 6/09/2012 01:05:00 PM

Summary for Week Ending June 8th

The key report this week is the May retail sales report. For manufacturing, the May NY Fed (Empire state) survey, and the May Industrial Production and Capacity Utilization report will be released this week.

For prices, the May Producer Price Index and Consumer Price Index will be released on Wednesday and Thursday, respectively.

----- Monday, June 11th -----

No economic releases scheduled.

----- Tuesday, June 12th -----

Small Business Optimism Index 7:30 AM: NFIB Small Business Optimism Index for May.

Click on graph for larger image in graph gallery.

The index increased to 94.5 in April from 92.5 in March. This tied February 2011 as the highest level since December 2007

The consensus is for a slight decrease to 94.2 in May.

8:30 AM: Import and Export Prices for April. The consensus is a for a 1.1% decrease in import prices.

----- Wednesday, June 13th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. Expect record low mortgage rates and probably an increase in refinance activity.

8:30 AM: Producer Price Index for May. The consensus is for a 0.6% decrease in producer prices (0.2% increase in core).

Retail Sales 8:30 AM ET: Retail Sales for May.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales are up 23.1% from the bottom, and now 7.7% above the pre-recession peak.

The consensus is for retail sales to decrease 0.2% in May, and for retail sales ex-autos to decrease 0.1%.

10:00 AM: Manufacturing and Trade: Inventories and Sales for April (Business inventories). The consensus is for 0.3% increase in inventories.

----- Thursday, June 14th -----

8:30 AM: Consumer Price Index for May. The consensus is for headline CPI to decline 0.2% (with the decline in energy prices). The consensus is for core CPI to increase 0.2%.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decline to 375 thousand from 377 thousand last week.

----- Friday, June 15th -----

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

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

This shows industrial production since 1967.

The consensus is for no change in Industrial Production in May, and for Capacity Utilization to be unchanged at 79.2%.

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

10:00 AM: Regional and State Employment and Unemployment (Monthly) for May 2012