Breaking Stories

Schedule for Week of May 9, 2021

The key reports this week are April CPI and retail sales.

For manufacturing, the April Industrial Production report will be released on Friday.

—– Monday, May 10th —–
No major economic releases scheduled.

—– Tuesday, May 11th —–
6:00 AM ET: NFIB Small Business Optimism Index for April.

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for March from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in February to 7.367 million from 7.099 million in January.  This is close to the series maximum of 7.574 million.

The number of job openings (yellow) were up 5.1% year-over-year, and Quits were down 2.1% year-over-year.

—– Wednesday, May 12th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Consumer Price Index for April from the BLS. The consensus is for 0.2% increase in CPI, and a 0.3% increase in core CPI.

11:00 AM: NY Fed: Q1 Quarterly Report on Household Debt and Credit

—– Thursday, May 13th —–
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 480 thousand from 498 thousand last week.

8:30 AM: The Producer Price Index for April from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.4% increase in core PPI.

—– Friday, May 14th —–
Retail Sales8:30 AM ET: Retail sales for April is scheduled to be released.  The consensus is for 1.0% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline were up 9.7% in March.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for April.

This graph shows industrial production since 1967.

The consensus is for a 1.2% increase in Industrial Production, and for Capacity Utilization to increase to 75.2%.

10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for May).

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *