Schedule for Week of May 10, 2015

The key economic report this week is April Retail sales on Wednesday.

For manufacturing, the April Industrial Production and Capacity Utilization report, and the May NY Fed (Empire State) survey will be released this week. 

----- Monday, May 11th -----
At 10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).

----- Tuesday, May 12th -----
9:00 AM: NFIB Small Business Optimism Index for April.

10:00 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 5.133 million from 4.965 million in January. This was the highest level for job openings since January 2001.

The number of job openings (yellow) were up 23% year-over-year, and Quits were up 10% year-over-year.

11:00 AM: The New York Fed will release their Q1 2015 Household Debt and Credit Report

----- Wednesday, May 13th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM ET: Retail sales for April will be released.

This graph shows retail sales since 1992 through March 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales increased 0.9% from February to March (seasonally adjusted), and sales were up 1.3% from March 2014.

The consensus is for retail sales to increase 0.2% in April, and to increase 0.5% ex-autos.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for March.  The consensus is for a 0.2% increase in inventories.

----- Thursday, May 14th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 276 thousand from 265 thousand.

8:30 AM ET: The Producer Price Index for April from the BLS. The consensus is for a 0.2% increase in prices, and a 0.1% increase in core PPI.

----- Friday, May 15th -----
8:30 AM: NY Fed Empire State Manufacturing Survey for May. The consensus is for a reading of 5.0, up from -1.2 last month (above zero is expansion).

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for April.

This graph shows industrial production since 1967.

The consensus is for no change in Industrial Production, and for Capacity Utilization to be unchanged at 78.4%.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for May). The consensus is for a reading of 95.8, down from 95.9 in April.