by Calculated Risk on 7/11/2015 08:11:00 AM

The key economic reports this week are June Housing Starts on Friday, and June Retail sales on Tuesday.

For manufacturing, the June Industrial Production and Capacity Utilization report, and the July NY Fed (Empire State) and Philly Fed surveys, will be released this week.

For prices, CPI will be released on Friday, and PPI on Wednesday.

Fed Chair Janet Yellen will present the Semiannual Monetary Policy Report to the Congress on Wednesday and Thursday.

----- Monday, July 13th -----
2:00 PM ET: The Monthly Treasury Budget Statement for June.

----- Tuesday, July 14th -----
8:30 AM ET: Retail sales for June will be released.

This graph shows retail sales since 1992 through May 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were up 1.2% from April to May (seasonally adjusted), and sales were up 2.7% from May 2014.

The consensus is for retail sales to increase 0.3% in June, and to increase 0.6% ex-autos.

9:00 AM: NFIB Small Business Optimism Index for June.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for June.  The consensus is for a 0.2% increase in inventories.

----- Wednesday, July 15th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM ET: The Producer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices, and a 0.1% increase in core PPI.

8:30 AM: NY Fed Empire State Manufacturing Survey for July. The consensus is for a reading of 3.5, up from -2.0 last month (above zero is expansion).

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for June.

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to be unchanged at 78.1%.

10:00 AM: Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives

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 16th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 282 thousand from 297 thousand.

10:00 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 11.5, down from 15.2 last month (above zero indicates expansion).

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 59, unchanged from 59 last month.  Any number above 50 indicates that more builders view sales conditions as good than poor.

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

----- Friday, July 17th -----
8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices, and a 0.2% increase in core CPI.

8:30 AM: Housing Starts for June.

Total housing starts decreased to 1.036 million (SAAR) in May. Single family starts decreased to 680 thousand SAAR in May.

The consensus is for total housing starts to increase to 1.125 million (SAAR) in June.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for July). The consensus is for a reading of 96.2, up from 96.1 in June.