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Saturday, June 08, 2013

Schedule for Week of June 9th

by Calculated Risk on 6/08/2013 11:01:00 AM

The key report this week will be May retail sales to be released on Thursday.

For manufacturing, the May Industrial Production survey will be released on Friday.

For prices, PPI for May will be released on Friday.

----- Monday, June 10th -----

No economic releases scheduled.

----- Tuesday, June 11th -----

7:30 AM ET: NFIB Small Business Optimism Index for May. The consensus is for an increase to 92.3 from 92.1 in April.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for April 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 decreased in March to 3.844 million, down from 3.899 million in February. The number of job openings (yellow) has generally been trending up, but openings are unchanged year-over-year compared to March 2012. 

Quits were down in March, and quits are mostly unchanged year-over-year. These are voluntary separations. (see light blue columns at bottom of graph for trend for "quits").

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

----- Wednesday, June 12th -----

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

----- Thursday, June 13th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 350 thousand from 346 thousand last week.

Retail Sales8:30 AM ET: Retail sales for May will be released.

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 26.4% from the bottom, and now 10.6% above the pre-recession peak (not inflation adjusted)

The consensus is for retail sales to increase 0.5% in May, and to increase 0.4% ex-autos.

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

----- Friday, June 14th -----

8:30 AM: Producer Price Index for May. The consensus is for a 0.2% increase in producer prices (0.1% increase in core).

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

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 77.9%.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for June). The consensus is for a reading of 84.5, unchanged from May.