Economic Events on August 17, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:30 AM EDT, the Producer Price Index for July will be released.  The consensus is that the index did not change from last month, and increased 0.2% when food and energy are excluded.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

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