by Calculated Risk on 7/12/2014 11:14:00 AM

The key reports this week are June Retail Sales on Tuesday and June Housing Starts on Thursday.

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. 

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

----- Monday, July 14th -----
No economic releases scheduled.

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

This graph shows retail sales since 1992 through May 2014. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales increased 0.3% from April to May (seasonally adjusted), and sales were up 4.3% from May 2013.

The consensus is for retail sales to increase 0.6% 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 17.0, down from 19.3 in June (above zero is expansion).

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

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for May.  The consensus is for a 0.6% increase in inventories.

----- Wednesday, July 16th-----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Producer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices.

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 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 79.2%.

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 50, up from 49 in June.  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 House Financial Services Committee

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

----- Thursday, July 17th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 310 thousand from 304 thousand.

8:30 AM: Housing Starts for June.

Total housing starts were at 1.001 million (SAAR) in May. Single family starts were at 625 thousand SAAR in May.

The consensus is for total housing starts to increase to 1.020 million (SAAR) in June.

10:00 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 15.5, down from 17.8 last month (above zero indicates expansion).

----- Friday, July 18th -----
9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for July). The consensus is for a reading of 83.0, up from 82.5 in June.

10:00 AM: Regional and State Employment and Unemployment (Monthly) for June 2014