The Week Ahead
Wednesday, Jan. 12, 8:30 a.m. EST -- Export prices likely rose 0.2% in December, while import prices were up 0.3%, says the median forecast of economists polled by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. In November, export prices rose 0.2%, while costlier oil lifted import prices by 0.5%.
Thursday, Jan. 13, 8:30 a.m. EST -- Retail sales probably increased a hefty 0.8% in December, after a 0.9% gain in November. That's suggested by strong results from weekly retail surveys. Excluding auto sales, store receipts likely increased 0.8% on top of a 0.4% November rise.
PRODUCER PRICE INDEX
Thursday, Jan. 13, 8:30 a.m. EST -- Producer prices for finished goods likely increased 0.2% in December, the same gain posted in November. Excluding food and energy, core prices probably were up a small 0.1% last month after no change in November.
CONSUMER PRICE INDEX
Friday, Jan. 14, 8:30 a.m. EST -- The S&P MMS median forecast projects that consumer prices for goods and services advanced by 0.2% in December, following a 0.1% gain in November. Core prices, which exclude food and fuel, likely rose 0.2%, the same small increase reported for November.
Friday, Jan. 14, 8:30 a.m. EST -- Inventories at factories, wholesalers, and retailers likely rose 0.3% in November after October's 0.2% gain.
Friday, Jan. 14, 9:15 a.m. EST -- Output at factories, mines, and utilities likely grew 0.3% in December. That follows a 0.3% gain in November. Operating rates probably averaged 81%.