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
๐Ÿ”ด 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
๐ŸŸข 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
๐Ÿ”ด “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.


๐ŸŸข 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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