Tips From Top Forecaster: U.S. Economic Calendar (w42) | CPI, Retail Sales, Industrial Production

Tuesday (October 12th)

CPI for September – Bloomberg consensus: 0.2%(e) v 0.4% prior
🔴 Several proxies showed that retail gasoline prices were broadly stable in September. Using seasonal adjustment, it would translate into a slight decline.

 

Friday (October 16th)

Retail Sales for September – Bloomberg consensus MoM: +0.8%(e) v +0.6% prior
🟢 Once again, auto sales are expected to support the headline. According to Wards data, U.S. New vehicle sales increased by 7.6% MoM, reaching 16.34M SAAR in September (7-month high).

 

 

Industrial Production for September – Bloomberg consensus MoM: +0.6%(e) v +0.4% prior
🔴 “Utilities” production (10.42% of the index) is likely to drop as hot August temperatures normalized downward in September (less demand for air conditioning) while multiple power outages in California also weighted negatively.

 

🟢 On the positive side, “Mining” production (14.24% of the index) should rebound after storm-related curtailments affected oil and gas-related activities in August.

 

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