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Friday: Retail Sales, Industrial Production, NY Fed Mfg

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by Calculated Risk on 7/14/2022 09:06:00 PM

Friday:
o At 8:30 AM ET, Retail sales for June is scheduled to be released. The consensus is for 0.8% increase in retail sales.

o Also, at 8:30 AM, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -2.6, down from -1.2.

o At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for June. The consensus is for a no change in Industrial Production, and for Capacity Utilization to decrease to 80.4%.

o At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for July).

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows earlier this year.

COVID MetricsNowWeekAgoGoalNew Cases per Day2?124,048107,174<=5,0001Hospitalized2?32,50729,099<=3,0001Deaths per Day2?351312<=5011my goals to stop daily posts,27-day average for Cases, Currently Hospitalized, and Deaths? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
? Goal met.

Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.

Average daily deaths bottomed in July 2021 at 214 per day.

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