Recap of this week’s U.S. Economic Data:

  • The ISM non-manufacturing PMI improved to a reading of 56.0 in June.
  • Consumer credit grew at an annual rate of 5.9% in June. Credit card use declined but student and auto loans saw continued growth.
  • The international trade deficit was $34.2 billion in June, the lowest it has been since October of 2009.
  • The national gasoline price per gallon for all formulations of regular was $3.63 in July, up about 14 cents from June.
  • Initial jobless claims for the week were 333k and have been stabilized well below 400k.
  • Store sales for the week were up 2.1% and up 3.2% from a year ago (4 week MA).

Further reading on Economic Data:

Economic Data US Economic Radar August 9 2013 600x1370 U.S. Economic Radar   August 9, 2013

The U.S. economic schedule for the week ahead:

Monday, August 12, 2013

Tuesday, August 13, 2013

Wednesday, August 14, 2013

Thursday, August 15, 2013

  • Consumer price index – Last +1.8% Y/Y.
  • Empire State manufacturing survey – Last +9.46.
  • Philly Fed manufacturing survey – Last +19.8.
  • Industrial production – Last +1.8% Y/Y.
  • Weekly initial jobless claims

Friday, August 16, 2013