Schedule for Week of July 9, 2017

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Schedule for Week of July 9, 2017

by Bill McBride on 7/08/2017 08:11:00 AM

The key economic reports this week are June Retail Sales and the Consumer Price Index (CPI).

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

Also Fed Chair Janet Yellen will present the Semiannual Monetary Policy Report to the Congress.

—– Monday, July 10th —–

10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).3:00 PM: Consumer credit from the Federal Reserve.  The consensus is for a $14.6 billion increase in credit.

—– Tuesday, July 11th —–

6:00 AM ET: NFIB Small Business Optimism Index for June.Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for May 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 in April to 6.044 million from 5.785 million in March.

The number of job openings (yellow) were up 7% year-over-year, and Quits were up 4% year-over-year.

—– Wednesday, July 12th —–

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.10:00 AM: Testimony from Fed Chair Janet L. Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.

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

—– Thursday, July 13th —–

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 245 thousand initial claims, down from 248 thousand the previous week.8:30 AM: The Producer Price Index for June from the BLS. The consensus is for no change in PPI, and a 0.2% increase in core PPI.

10:00 AM: Testimony from Fed Chair Janet L. Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

—– Friday, July 14th —–

Retail Sales 8:30 AM ET: Retail sales for June will be released.  The consensus is for a 0.1% increase in retail sales.This graph shows retail sales since 1992 through May 2017.

8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.1% increase in CPI, and a 0.2% increase in core CPI.

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

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 76.8%.

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

10:00 AM: University of Michigan’s Consumer sentiment index (preliminary for July). The consensus is for a reading of 95.1, unchanged from 95.1 in June.

Published at Sat, 08 Jul 2017 12:11:00 +0000

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