The Week AheadBy
PRODUCER PRICE INDEX Thursday, June 13, 8:30 a.m.
Producer prices of finished goods likely rose by about 0.3% in May, according to a survey of economists by MMS International, a unit of McGraw-Hill Inc. Food prices should be higher, while energy costs continue to fall. Prices increased by just 0.2% in April and fell in each of the four months before that.
RETAIL SALES Thursday, June 13, 8:30 a.m.
Retail sales probably advanced by 0.3% in May, says the MMS consensus. That's suggested by an increase in new-car sales. Retail receipts fell by 0.1% in April. Excluding car buying, sales are expected to rise 0.2% in May, after falling 0.2% in April.
CONSUMER PRICE INDEX Friday, June 14, 8:30 a.m.
Consumer prices likely increased by 0.3% in May. Higher food prices should lead the gain. In April, prices rose 0.2%.
INDUSTRIAL PRODUCTION Friday, June 14, 9:15 a.m.
The MMS consensus expects that industrial output grew by a small 0.2% in May. The increase could be higher, however, because extremely warm weather in some regions boosted utility use. In April, industrial production edged up by 0.1%, after declining in each of the preceding six months.
CAPACITY UTILIZATION Friday, June 14, 9:15 a.m.
The small advance expected in output suggests that operating rates were unchanged in May from their low level of 78.3% in April.
BUSINESS INVENTORIES Friday, June 14, 10 a.m.
Inventories at manufacturers, wholesalers, and retailers probably fell by about 0.1% in April, after dropping 0.8% in March, say the MMS economists. That's suggested by the already-reported 0.2% decline in factory inventories. Business sales likely increased by 2% in April, after falling 1% in March. Factory shipments rose 2.6% in April.
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