Economic Events on July 14, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 405,000 new jobless claims last week, which would would be 13,000 less than the previous week.

Also at 8:30 AM EDT, the Producer Price Index for June will be released.  The consensus is that the index decreased 0.3% over last month, and increased 0.2% when food and energy are excluded.

Also at 8:30 AM EDT, the Retail Sales report for June will be released.  The consensus is that retail sales were unchanged , after a 0.2% decrease last month.

Also at 9:45 AM EDT, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify before the Senate Committee on Banking, Housing, and Urban Affairs regarding the Semiannual Monetary Policy Report.

Also at 10:00 AM EDT, the Business Inventories report for May will be released.  The consensus is that inventories increased 0.8% from the previous month.

At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

Join the forum discussion on this post - (1) Posts

Economic Events on June 14, 2011

At 7:30 AM EDT, the NFIB Small Business Optimism Index for May will be released, providing information regarding the health and confidence of small businesses in the United States.

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 Producer Price Index for May will be released.  The consensus is that the index increased 0.1% over last month, and increased 0.2% when food and energy are excluded.

Also at 8:30 AM EDT, the Retail Sales report for May will be released.  The consensus is that retail sales decreased 0.3% , after a 0.5% increase last month.

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

At 10:00 AM EDT, the Business Inventories report for April will be released.  The consensus is that inventories increased 0.9% from the previous month.

At 3:45 PM EDT, Federal Reserve Chairman Ben Bernanke will give a speech at a conference on the debt ceiling and the budget in Washington DC.

Economic Events on May 12, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 430,000 new jobless claims last week, which would would be 44,000 less than the unexpectedly high number released last week.

Also at 8:30 AM EDT, the Producer Price Index for April will be released.  The consensus is that the index increased 0.6% over last month, and increased 0.2% when food and energy are excluded.

Also at 8:30 AM EDT, the Retail Sales report for April will be released.  The consensus is that retail sales increased 0.6% , after a 0.4% increase last month.

At 10:00 AM EDT, the Business Inventories report for March will be released.  The consensus is that inventories increased 0.8% from the previous month.

Also at 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify on Dodd-Frank implementation before the Senate Banking Committee in Washington DC.

At 9:45 AM EDT, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

Economic Events on April 13, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 6.7% in the Purchase Index and a week to week decrease of 7.7% in the Refinance Index.

At 8:30 AM EDT, the Retail Sales report for March will be released.  The consensus is that retail sales increased 0.5% , after a 1.0% increase last month.

At 10:00 AM EDT, the Business Inventories report for February will be released.  The consensus is that inventories increased 0.8% from the previous month.

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.

At 2:00 PM EDT, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

Join the forum discussion on this post - (1) Posts

Economic Events on March 11, 2011

At 8:30 AM EST, the Retail Sales report for February will be released.  The consensus is that retail sales increased 1.0% from January, after a 0.3% increase last month.

At 9:55 AM EST, Consumer Sentiment for the first half of March will be announced.  The consensus is that the index will be at 76.5, which would be a decline of 1 point from the level reported in the second half of last month.

At 10:00 AM EST, the Business Inventories report for January will be released.  The consensus is that inventories increased 0.8% from the previous month.

Join the forum discussion on this post - (1) Posts

Economic Events on February 15, 2011

At 7:45 AM EST, 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 EST, the Retail Sales report for January will be released.  The consensus is that retail sales increased 0.5% from December, after a 0.6% increase last month.

Also at 8:30 AM EST, the Empire State manufacturing index for February will be released.  The consensus is that the index value will be 15, which would be an increase of over 3.08 points from January.

Also at 8:30 AM EST, the Import and Export Prices index for January will be released, providing some data that can be used to monitor the threat of inflation.

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

At 9:00 AM EST, the Treasury International Capital report for December will be released, showing the flow of capital in and out of the United States economy.

At 10:00 AM EST, the Housing Market Index for February will be announced.  This index is created from a survey of home builders, so it shows the confidence that the sector has in the overall economy and their business.

At 10:00 AM EST, the Business Inventories report for December will be released.  The consensus is that inventories increased 0.7% from November.

Join the forum discussion on this post - (1) Posts

New Unemployment Claims at 2-1/2 Year Low

No one can really deny that the job market is really starting to kick in now.

This past week provided economists a very positive jobless claims report for the February 5 week. It showed a steep 36,000 decline in initial claims to 383,000 for the lowest total in 2-1/2 years.

The Labor Department — which released the report — suggested in their comments that the latest level is likely free of seasonal or weather related distortions.

The four-week average, which helps even out weekly distortions, fell a very substantial 16,000 to 415,500.

Adding further fuel to the positive jobs report was the news on Friday that the Reuters/University of Michigan’s Consumer sentiment index continues to improve and is approaching its mid-year 2010 recovery high.

The two positive reports added an exclamation point to a week that begin by showing retail sales numbers skyrocketing into February.

Retail Sales Likely Skyrocketing into February

According to the ICSC-Goldman’s retail sales report on Tuesday, same-store sales skyrocketed in the February 5 week, up 2.2 percent.

It was the largest weekly gain since the Easter surge of last March.

The year-on-year the rate jumped nearly one full percentage point to plus 2.5 percent.

The Redbook report, also released on Tuesday, was right in line with a measure that showed a 2.7 percent year-on-year same-store sales growth in the February 5 week.

Additionally Redbook offers a month-to-month comparison which registered a blistering 1.7 percent gain. Keep in mind that annualized that would point to a 20.4 percent retail gain in one year!

Early next week the government will post the January retail sales report amid most predicting a solid gain.

The economy accelerated at the end of 2010 as consumer spending climbed by the most in more than four years. Gross domestic product grew at a 3.2 percent annual rate, Commerce Department figures showed on Jan. 28.

And remember last week the ISM Manufacturing Index pointed to an overall economy in the month of January growing at a GDP annualized rate of 6.4 percent.

Economic Events on January 14, 2011

At 8:30 AM EST, the Consumer Price Index report for December will be released.  The consensus is that CPI increased by 0.4% last month, with a 0.1% increase in CPI when food and energy are removed.

Also at 8:30 AM EST, the Retail Sales report for December will be released.  The consensus is that retail sales increased 0.8% from November, after a 0.8% increase last month.

At 9:15 AM EST, the Industrial Production report for December will be released.  The consensus is that there will be an increase 0f 0.5% in production and an increase of 0.4% in industrial capacity utilization.

At 9:55 AM EST, Consumer Sentiment for the first half of January will be announced.  The consensus is that the index will be at 75, which would be an improvement of 0.5 points from the level reported in the second half of last month.

At 10:00 AM EST, the Business Inventories report for November will be released.  The consensus is that inventories increased 0.7% from October.

Putting the Bow on a Positive 2010

U.S. retailers put a bow on a positive 2010 and registered their best performance in five years according to preliminary reports released on Monday.

Holiday sales jumped 5.5 percent as consumers returned to retailers across the board including high-end Macy’s Inc., Tiffany’s. and Bloomingdale’s.

Consumers were out in full forces at most every chain and also increased their spending on the Web. Their spending, which accounts for about 70 percent of the U.S. economy, is a further positive sign for a sustained recovery heading into 2011.

“Increasing confidence has freed up more money from savings,” said Michael McNamara, a vice president at New York-based SpendingPulse. “We are seeing this momentum building and being sustained.”

Apparel sales grew the fastest in the 50 days before Christmas, with an 11 percent gain, more than 10 times the pace of last year.

Reports just before Christmas showed that consumer confidence climbed in December to the highest level in six months and that U.S. jobless claims continue to fall with job openings on the rise.

Join the forum discussion on this post - (1) Posts