Economy Week Ahead: U.S. Retail Sales and Industrial Production

Date : 10/13/2019 @ 7:29PM
Source : Dow Jones News

Economy Week Ahead: U.S. Retail Sales and Industrial Production

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)

Copyright (c) 2019 Dow Jones & Company, Inc.


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