Saturday, December 08, 2018

Schedule for Week of December 9, 2018

by Bill McBride on 12/08/2018 08:11:00 AM

The key economic reports this week are November CPI and Retail Sales.

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

----- Monday, Dec 10th -----

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for October 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 September to 7.009 million from 7.293 million in August.

The number of job openings (yellow) were up 12% year-over-year, and Quits were up 11% year-over-year.

----- Tuesday, Dec 11th -----

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

8:30 AM: The Producer Price Index for November from the BLS. The consensus is for no change in PPI, and a 0.1% increase in core PPI.

----- Wednesday, Dec 12th -----

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

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

----- Thursday, Dec 13th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 228 thousand initial claims, down from 231 thousand the previous week.

----- Friday, Dec 14th -----

Year-over-year change in Retail Sales8:30 AM ET: Retail sales for November will be released.  The consensus is for a 0.1% 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 3.6% on a YoY basis.

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

This graph shows industrial production since 1967.

The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 78.5%.