The Week Ahead
Monday, July 9, 3 p.m. EDT -- Consumers likely accumulated $10.5 billion of new debt in May, after taking on $13.4 billion in April, says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Revolving debt--comprised mostly of credit-card debt--has accounted for $33.4 billion of the $52.8 billion in new debt this year.
Thursday, July 12, 8:30 a.m. EDT -- Export prices in June are expected to slip 0.1%, while import prices are expected to remain unchanged. In May, export prices fell 0.3%, with an identical rise in import prices. The continued strength of the dollar has made imports cheaper and exports more expensive for the rest of the world.
PRODUCER PRICE INDEX
Friday, July 13, 8:30 a.m. EDT -- Producer prices of finished goods in June probably remained unchanged after rising 0.1% in May. Excluding the volatile food and energy categories, prices probably rose 0.1% in June after advancing 0.2% in May.
Friday, July 13, 8:30 a.m. EDT -- Retail sales are expected to have grown 0.2% in June after growing 0.1% in May, says the S&P MMS survey. Excluding vehicles, June sales are expected to have grown by a similar 0.2%, after advancing 0.3% in May. Retail sales in April and May were helped by high gasoline prices, which are now falling in response to cheaper crude-oil prices.