by Bill McBride on 8/06/2016 08:09:00 AM
The key economic report this week is Retail Sales on Friday.
—– Monday, Aug 8th —–
10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).
—– Tuesday, Aug 9th —–
9:00 AM ET: NFIB Small Business Optimism Index for July.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for June. The consensus is for no change in inventories.
11:00 AM: The New York Fed will release their Q2 2016 Household Debt and Credit Report
—– Wednesday, Aug 10th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Job Openings and Labor Turnover Survey for June 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 May to 5.500 million from 5.845 million in April.
The number of job openings (yellow) were up 2% year-over-year, and Quits were up 5% year-over-year.
—– Thursday, Aug 11th —–
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, down from 269 thousand the previous week.
—– Friday, Aug 12th —–
8:30 AM ET: Retail sales for July will be released. The consensus is for retail sales to increase 0.4% in July.
This graph shows retail sales since 1992 through June 2016.
8:30 AM: The Producer Price Index for July from the BLS. The consensus is for a 0.1% increase in prices, and a 0.2% increase in core PPI.
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for June. The consensus is for a 0.1% increase in inventories.
10:00 AM: University of Michigan’s Consumer sentiment index (preliminary for August). The consensus is for a reading of 91.0, up from 90.0 in July.