Economy Week Ahead: U.S. Retail Sales and Industrial Production
October 13 2019 - 3:29PM
Dow Jones News
By Sarah Chaney
In the week ahead, the U.S. will receive fresh numbers on retail
sales and industrial production. China will publish figures on
trade and economic growth.
MONDAY
China will see new data on foreign trade for September.
Economists expect China's exports fell 3% on year in September,
following a 1% drop in August. They expect imports slid 6.0% last
month on the back of August's 5.6% decline.
WEDNESDAY
The U.S. Commerce Department releases retail-sales data for
September. In August, retail sales climbed 0.4% from a month
earlier, providing reassurance that household spending remains an
economic bulwark against signs of a global slowdown. Economists
surveyed by The Wall Street Journal forecast retail sales increased
0.3% in September from a month prior.
THURSDAY
The Federal Reserve releases industrial production figures for
September. Economists will monitor this report closely for signs of
pickup in manufacturing production. In August, factory output
increased 0.5%. Economists surveyed by the Journal forecast overall
industrial output declined in September.
China will receive data on gross domestic product. Economists
forecast the nation's GDP grew 6.1% in the third quarter, down from
6.2% in the second quarter. They will parse the report for job and
property data, key gauges of Beijing's tolerance for the economic
slowdown under way.
Write to Sarah Chaney at sarah.chaney@wsj.com
(END) Dow Jones Newswires
October 13, 2019 15:14 ET (19:14 GMT)
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