Retail sales, manufacturing data on tap
Evan McDaniel | firstname.lastname@example.org
The consensus forecast for June retail sales is 0.2 percent, up from the May reading of -0.2 percent. Estimates range from -0.2 percent to 0.4 percent.
Excluding auto sales, the consensus expectation is 0.1 percent, up from May's -0.4 percent and within an estimated range of -0.3 percent to 0.2 percent.
Without cars and gasoline, the consensus print is 0.3 percent, up from May's -0.1 percent and within a range of 0.3 percent to 0.5 percent.
The Empire Manufacturing Survey will be also released at 8:30 a.m. ET. The July figure for this market-moving report is expected to come in at 4.5, up from June print of 2.29 and within an estimated range of -8 to 6.
Business inventories for May will follow at 10 a.m. ET. The consensus forecast calls for a reading of 0.3 percent, down slightly from April's 0.4 percent and within a range of zero to 0.5 percent.
Important data later in the week includes tomorrow's consumer price index tomorrow at 8:30 a.m. ET and the important housing starts and building permits at 8:30 a.m. Wednesday at 8:30 a.m. ET.