The Week Ahead
Tuesday, Sept. 14, 8:30 a.m.EDT Copyright Retail sales probably increased a big 0.8% in August, says the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. A jump in motor-vehicle purchases lifted sales. But even excluding cars, retail receipts likely rose by a healthy 0.4% last month. In July, overall sales advanced 0.7% and non-auto sales increased 0.3%.
CONSUMER PRICE INDEX
Wednesday, Sept. 15, 8:30 a.m.EDT Copyright Consumer prices for all goods and services likely increased 0.3% in August, but the gain was probably only 0.1% when food and energy prices are excluded. In July, the total CPI rose 0.3%, while the index excluding food and fuel edged up 0.2%.
Wednesday, Sept. 15, 8:30 a.m.EDT Copyright Inventories held by manufacturers, wholesalers, and retailers probably grew a solid 0.4% in July, says the S&P MMS survey. In June, inventories increased 0.3%.
Thursday, Sept. 16, 9:15 a.m.EDT Copyright The S&P MMS median forecast expects that industrial output in August was unchanged from its July level. Back then the heat wave pumped up energy use, and total industrial output jumped by 0.7%. The average operating rate for all industry in August probably fell to 80.5% from July's 80.7%.
Friday, Sept. 17, 8:30 a.m.EDT Copyright Housing starts likely slipped to an annual rate of 1.63 million in August, down slightly from 1.66 million in July.