The Week Ahead

RETAIL SALES
      Tuesday, May 13, 8:30 a.m.EDT -- Retail sales were probably flat in April, says 
      the median forecast of economists surveyed by MMS International, one of The 
      McGraw-Hill Companies. Excluding vehicles, sales likely edged up 0.2%. In its 
      annual benchmark revision to the data, released on May 2, the Commerce Dept. 
      said that total retail buying rose 0.1% in March, not 0.2% as first reported, 
      while nonauto sales edged up an unrevised 0.5%.
      
      PRODUCER PRICE INDEX
      Wednesday, May 14, 8:30 a.m.EDT -- Producer prices of finished goods were 
      likely unchanged in April, after falling 0.1% in March. Excluding food and 
      energy, core prices likely rose 0.1% in April, on top of a larger-than-expected 
      0.4% gain in March.
      
      BUSINESS INVENTORIES
      Wednesday, May 14, 8:30 a.m.EDT -- Inventories held by manufacturers, 
      wholesalers, and retailers probably rose 0.3% in March, the same increase 
      posted in February. However, in calculating real gross domestic product growth 
      for the first quarter, the Commerce Dept. estimated that March inventories had 
      declined.
      
      CONSUMER PRICE INDEX
      Thursday, May 15, 8:30 a.m.EDT -- The MMS median forecast is that consumer 
      prices probably rose by 0.2% in April, after edging up 0.1% in March. Excluding 
      food and energy, the core CPI likely increased 0.2%, the same advance as in 
      March.
      
      INDUSTRIAL PRODUCTION
      Thursday, May 15, 9:15 a.m.EDT -- Industrial output likely rose 0.3% in April, 
      after jumping 0.9% in March. But the MMS survey says that capacity use likely 
      remained at 84.1% in April.
      
      HOUSING STARTS
      Friday, May 16, 8:30 a.m.EDT -- Housing starts likely stood at an annual rate 
      of 1.4 million in April, down from 1.43 million in March.
      
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