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.


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.

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