Economic Events on August 2, 2011

The figures for motor vehicle sales in July will be released today.  The consensus estimate is that 11.9 million domestic autos were sold last month, which would be an increase of 2.1 million from the previous month.

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM EDT, the monthly Personal Income and Outlays report for June will be released. The consensus for Personal Income is an increase of 0.2% over the previous month and the consensus Consumer Spending index change is an increase of 0.1%.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

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