The Week Ahead
Tuesday, Aug. 14, 8:30 a.m. EDT -- Retail sales likely slipped 0.1% in July, after rising 0.2% in June. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Excluding vehicles, July sales probably rose 0.2%, as auto makers already announced an unexpected 6% year-over-year decline in July.
Wednesday, Aug. 15, 8:30 a.m. EDT -- Business inventories in June probably fell 0.2%, after remaining unchanged in May.
Wednesday, Aug. 15, 9:15 a.m. EDT -- Factory output is expected to have dropped 0.2% in July, with capacity utilization likely falling to 76.6%. In June, production declined 0.7%, at a utilization rate of 77%.
CONSUMER PRICE INDEX
Thursday, Aug. 16, 8:30 a.m. EDT -- Consumer prices for goods and services probably edged up just 0.1% in July. Excluding food and energy, core prices probably rose 0.2%.
NEW RESIDENTIAL CONSTRUCTION
Thursday, Aug. 16, 8:30 a.m. EDT -- Housing starts likely fell to an annual rate of 1.62 million in July, from 1.66 million in June.
Friday, Aug. 17, 8:30 a.m. EDT -- The June trade deficit probably widened to $29.1 billion, due primarily to a pickup in imports. In May, the deficit narrowed to $28.3 billion.