Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Economic Calendar Event Update - Jan 15

Tuesday, January 15, 2013 8:46 AM

These are the U.S. economic calendar events for Tuesday, January 15, 2013. All times are EST.

Empire Manufacturing for Jan are scheduled to be released at 8:30 AM. Analysts are estimating a result of 2. The prior period for Empire Manufacturing had a result of -8.1. This event has a moderate effect on US markets.

PPI for Dec are scheduled to be released at 8:30 AM. The prior period for PPI had a result of -0.8%. This event has a major effect on US markets.

Retail Sales for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.2%. The prior period for Retail Sales had a result of 0.3%. This event has a major effect on US markets.

Retail Sales ex-auto for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.3%. This event has a major effect on US markets.

Core PPI for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.2%. The prior period for Core PPI had a result of 0.1%. This event has a moderate effect on US markets.

Business Inventories for Nov are scheduled to be released at 10:00 AM. Analysts are estimating a result of 0.3%. The prior period for Business Inventories had a result of 0.4%. This event has a low effect on US markets.

At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.

Here is some more information about the events discussion in this article.

Empire Manufacturing: Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US . Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

PPI: The Producer Price Index measures prices of goods at the wholesale level. There are three broad subcategories within PPI: crude, intermediate, and finished. The market tracks the finished goods index most closely, as it represents prices for goods that are ready for sale to the end user. Goods prices at the crude and intermediate stages of production often provide an indication of coming (dis)inflationary pressures, but the closer you get to crude goods, the more that these prices track commodity prices which are already available in traded indexes such as the CRB (Commodity Research Bureau). At all stages of production, the market places more emphasis on the index excluding food and energy, referred to as the core rate. Food and energy prices tend to be quite volatile and obscure trends in the underlying inflation rate. Though the market reaction is determined by the month/month changes, year/year changes are also noted by analysts. The index is not revised on a monthly basis, but annual revisions to seasonal adjustment factors can produce small adjustments to past releases.

Retail Sales: The retail sales report is a measure of the total receipts of retail stores. The changes in retail sales are widely followed as the most timely indicator of broad consumer spending patterns. Retail sales are often viewed ex-autos, as auto sales can move sharply from month-to-month. It is also important to keep an eye on the gas and food components, where changes in sales are often a result of price changes rather than shifting consumer demand. Retail sales can be quite volatile and the advance reports are subject to rather large revisions. Retail sales do not include spending on services, which makes up over half of total consumption. Total personal consumption is not available until the personal income and consumption reports are released, typically two weeks after retail sales.

Retail Sales ex-auto: The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated.

Core PPI: The Producer Price Index measures prices of goods at the wholesale level. There are three broad subcategories within PPI: crude, intermediate, and finished. The market tracks the finished goods index most closely, as it represents prices for goods that are ready for sale to the end user. Goods prices at the crude and intermediate stages of production often provide an indication of coming (dis)inflationary pressures, but the closer you get to crude goods, the more that these prices track commodity prices which are already available in traded indexes such as the CRB (Commodity Research Bureau). At all stages of production, the market places more emphasis on the index excluding food and energy, referred to as the core rate. Food and energy prices tend to be quite volatile and obscure trends in the underlying inflation rate. Though the market reaction is determined by the month/month changes, year/year changes are also noted by analysts. The index is not revised on a monthly basis, but annual revisions to seasonal adjustment factors can produce small adjustments to past releases.

Business Inventories: The business inventories report includes sales and inventory statistics from all three stages of the manufacturing process (manufacturing, wholesale, and retail). But by the time it is released all three of its sales components and two of its inventory components have already been reported. Because retail inventory is the only new piece of information it contains, the market usually ignores the business inventories report. However, sometimes retail inventories swing enough to change the aggregate inventory profile. This may affect the GDP outlook. When it does, the report can elicit a small market reaction.

The aggregate sales figures are dated and they say little about personal consumption. They are actually a good coincident indicator, but the market is far more interested in forward-looking statistics. The inventory-to-sales (I/S) ratio measures the number of months it would take to deplete existing inventory at current sales rates. A relatively low (high) I/S ratio may mean that manufacturers will have to build up (draw down) inventory levels. Depending on the strength of final demand and the degree to which recent inventory changes have been intended or unintended, this can have an effect on the industrial production outlook. Note that this information is much more useful to market economists than it is to other market participants.

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Sweden's Malmstrom wins EU lawmaker approval as trade chiefSweden's Malmstrom wins EU lawmaker approval as trade chief
BRUSSELS (Reuters) - Sweden`s Cecilia Malmstrom won European Parliament backing on Tuesday to become the European Union`s next trade chief, people close to the matter said. Malmstrom, a free-trade a...
EBay to spinoff PayPal in 2015EBay to spinoff PayPal in 2015
(Reuters) - EBay Inc <EBAY.O> said it would spin off PayPal, its fast-growing payments unit, into a publicly traded company in the second half of 2015. "A thorough strategic review with our bo...
Stock futures edge up; S&P set for 7th straight quarterly gainStock futures edge up; S&P set for 7th straight quarterly gain
NEW YORK (Reuters) - U.S. stock index futures were modestly higher on Tuesday, indicating a rebound from the previous session`s decline as investors once again used a pullback as a buying opportunit...
BES problems complicate foreign investment in Portugal: economy ministerBES problems complicate foreign investment in Portugal: economy minister
LONDON (Reuters) - The financial collapse of Banco Espirito Santo, once Portugal`s largest listed lender, has complicated efforts to attract foreign investors to the country, Economy Minister Antoni...
News Corp to buy real estate website operator Move for $950 mlnNews Corp to buy real estate website operator Move for $950 mln
(Reuters) - Rupert Murdoch`s News Corp <NWSA.O> said it would buy Move Inc <MOVE.O>, the owner of property websites such as realtor.com, for about $950 million to expand its digital market...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.