Schedule for Week of July 14th

A key report this week will be June retail sales to be released on Monday.  There are two key housing reports that will be released this week, housing starts on Wednesday, and the homebuilder confidence survey on Tuesday.

Fed Chairman Ben Bernanke will provide his semiannual Monetary Policy Report and testimony to the House and Senate this week.

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

For prices, CPI will be released on Tuesday.

----- Monday, July 15th -----
8:30 AM ET: Retail sales for June will be released.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales are up 27.1% from the bottom, and now 11.4% above the pre-recession peak (not inflation adjusted)

The consensus is for retail sales to increase 0.8% in June, and to increase 0.5% ex-autos.

8:30 AM: NY Fed Empire Manufacturing Survey for July. The consensus is for a reading of 5.0, down from 7.8 in June (above zero is expansion).

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for May.  The consensus is for no change in inventories.

----- Tuesday, July 16th -----
8:30 AM: Consumer Price Index for June. The consensus is for a 0.4% increase in CPI in June and for core CPI to increase 0.2%.

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 increase to 77.7%.

10:00 AM ET: The July NAHB homebuilder survey. The consensus is for a reading of 52, the same as in June. Any number below 50 indicates that more builders view sales conditions as good than poor.

----- Wednesday, July 17th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Housing Starts for June.

Total housing starts were at 914 thousand (SAAR) in May. Single family starts were at 599 thousand SAAR in May.

The consensus is for total housing starts to increase to 951 thousand (SAAR) in June.

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

2:00 PM: Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, July 18th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an decrease to 344 thousand from 360 thousand last week.

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

10:00 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of 9.0, down from 12.5 last month (above zero indicates expansion).

10:00 AM: Conference Board Leading Indicators for June. The consensus is for a 0.3% increase in this index.

----- Friday, July 19th -----
10:00 AM: Regional and State Employment and Unemployment (Monthly) for June 2013