The Week Ahead
Monday, July 8, 3 p.m. EDT -- Consumers are forecast to have piled up $5.6 billion of new debt in May. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. In April, consumer debt rose by $8.9 billion. In the first quarter, installment credit rose $18.9 billion. Revolving debt, made up mostly of credit cards, jumped by $4.1 billion in April, after remaining flat from November to March.
Wednesday, July 10, 8:30 a.m. EDT -- Import prices in June probably rose 0.2%, after remaining unchanged in May. June export prices most likely stayed unchanged, after a 0.1% fall in May. A steadily falling dollar could benefit American businesses, causing U.S. goods and services to become comparatively cheaper abroad.
PRODUCER PRICE INDEX
Thursday, July 11, 8:30 a.m. EDT -- Producer prices of finished goods in June most likely rose by a slight 0.1%, following a fall of 0.4% through May. Excluding food and energy, core prices probably increased by a similar 0.1% last month, after remaining unchanged during May.
Friday, July 12, 8:30 a.m. EDT -- Retail sales in June are forecast to have risen 0.7%, after weak vehicle sales contributed to an unexpectedly sharp decline of 0.9% in May. Excluding vehicles, sales probably increased by a smaller 0.5%, after a 0.4% drop in May.