Tips From Top Forecaster: U.S. Economic Calendar (w38) | Industrial Production, Retail Sales

Tuesday (September 15th)

Industrial Production for August – Bloomberg consensus MoM: +1.0%(e) v +3.0% prior
🔴 The “mining” component (14.24% of the index) should be under pressure. As Reuters noted in late August, “Oil and gas producers have shut-in 1.5 million barrels per day of oil production in the U.S. Gulf of Mexico, or roughly 82% of its total output, ahead of back-to-back tropical storms“.

 

Wednesday (September 16th)

Retail Sales for August – Bloomberg consensus MoM: +1.0%(e) v +1.2%
🟢 Once again, auto sales are expected to support the headline. According to Wards data, U.S. New vehicle sales increased by 4.6% MoM reaching 15.19M SAAR in August (6-month high).

 

 

🟢 Gasoline prices (+2.0% MoM according to CPI report) and “Building material & garden eq. & supplies dealers” sales should also contribute positively. The latter component could have risen ahead of hurricanes Laura and Marco.

Share

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email

Get in touch

If you would like to conduct an interview, call me for a conference, contribute to the blog, or for any other request, you can contact me directly. You will also find the contact details of Market Securities if you would like to receive their research offer (dedicated to institutional investors).