Halister News

(Bloomberg) -- Retail sales seen falling 0.1% m/m in Aug. after showing no change in July (forecast range -0.8% to +0.2%); tracks sale of new and used goods for personal or household consumption.

• Prior report showed 8 of 12 other major retail categories declined in July
• Producer price index seen rising 0.1% in Aug. after declining 0.4% in July (forecast range -0.2% to +0.3%); PPI is one of three monthly inflation reports from Labor Dept.
• Initial jobless claims seen at 265k in wk ended Sept. 10 vs 259 prior wk (forecast range 250k to 275k); represents inflow of workers receiving benefits
• Also today:
  • Philadelphia Fed Business Outlook seen at 1 in Sept. vs 2 in Aug. (forecast range -4 to 5); gauge of sentiment in Philadelphia Fed district (Eastern Pennsylvania, Southern New Jersey, Delaware)
  • Empire State Mfg Survey seen at -1 in Sept. vs -4.21 in Aug. (forecast range -7 to 4); tracks sentiment among manufacturers in New York Fed district
  • Current account balance seen at -$121b in 2Q vs -$124.7 in 1Q (forecast range -$112.4b to -$130b); tracks trade in goods, services, income and current transfers