Business Week Index: The Week Ahead
INSTALLMENT CREDIT Monday, July 10 -- Consumers probably added about $8 billion to their debt levels in May. That would be down from the huge $11 billion increase in April. Slower retail sales in May suggest that consumers have started to trim their borrowings. PRODUCER PRICE INDEX Thursday, July 13, 8:30 a.m. -- Producer prices of finished goods likely rose a modest 0.2% in June after no change in May, according to the median forecast of economists surveyed by MMS International, one of the McGraw-Hill Cos. Gasoline probably led the increase. Excluding food and energy, core producer prices are expected to have risen by 0.3%, the same advance as in May. CONSUMER PRICE INDEX Friday, July, 14, 8:30 a.m. -- Consumer prices probably rose 0.3% in June, the same gain as in May, forecasts the MMS survey. Excluding food and energy, prices were probably also up 0.3%, up from a 0.2% rise in May. Apparel prices, which have not increased since January, may have bounced back a bit in June. RETAIL SALES Friday, July 14, 8:30 a.m. -- Retail sales probably increased by 0.5% in June. That's suggested by the weekly reports from retailers and by the rise in motor-vehicle sales. Store receipts edged up just 0.2% in May after falling 0.3% in April. INDUSTRIAL PRODUCTION Friday, July, 14, 9:15 a.m. -- Output at factories, mines, and utilities probably rose 0.1% in June, says the MMS survey. That's suggested by the lackluster data on industrial activity reported by the National Association of Purchasing Management. Output has fallen for three consecutive months, including a 0.2% decline in May. As a result, capacity is now much looser. Operating rates probably fell to 83.5% in June from 83.7% in May. In January, the rate was a high 85.5%.
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