The Week Ahead
PRODUCER PRICE INDEX Tuesday, Dec. 12, 8:30 a.m. -- Producer prices of finished goods likely rose 0.2% in November, after slipping 0.1% in October. That's the median forecast of economists surveyed by MMS International, one of The McGraw-Hill Companies. Excluding food and energy, core producer prices in November probably rose 0.2%, after showing no change in October. RETAIL SALES Wednesday, Dec. 13, 8:30 a.m. -- Retail sales probably rose 0.4% in November, helped in part by healthy sales of motor vehicles and early holiday shopping. Retail sales fell 0.2% in October, but the volatile retail data are often revised in subsequent reports. Excluding cars, retail buying probably rose 0.4%, after falling 0.5% in October. CONSUMER PRICE INDEX Thursday, Dec. 14, 8:30 a.m. -- The MMS median forecast projects that consumer prices climbed by 0.2% in November, following a modest 0.3% gain in October. Excluding food and energy prices, the core CPI probably also rose 0.2% last month, from an increase of 0.3% in October. INDUSTRIAL PRODUCTION Thursday, Dec. 14, 9:15 a.m. -- Output at factories, mines, and utilities was likely unchanged in November, after falling 0.4% in October. That's suggested by the decline in output already reported by the National Association of Purchasing Management. Capacity use likely was unchanged from October's level of 83.2%. BUSINESS INVENTORIES Thursday, Dec. 14, 10 a.m. -- Inventories held by manufacturers, wholesalers, and retailers probably rose 0.3% in October, the same increase posted in September. The expected rise would be a sign that the inventory correction is taking longer than initially expected. Business sales were probably little changed in October, after rising 0.4%. That's suggested by weak retail sales for the month.
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