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You are currently browsing the Burbank Real Estate Report weblog archives for the day 8. July 2007.

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Archive for 8. July 2007

The Economic Week Ahead……

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Monday 9

3 & 6 Month Bill Auction

Consumer Credit Consensus 5.6B

This report represents the overall value of outstanding consumer credit debt. Very simply put, if demand exceeds supply, interest rates rise.

Tuesday 10

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Bank of Canada Monetary Policy Announcement

Wholesale Trade

4 Week bill Auction

Bernanke to speak in Cambridge about U.S. Inflation

Wednesday 11

MBA Purchase Applications measures applications at mortgage lenders. This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Thursday 12

International Trade Gauges economic trends by measuring levels of imports and exports.

Jobless Claims Unemployment claims.
EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement , 10 year Tips Auction Investors use this data to attempt to predict future Federal Reserve policy.

Chain Store Sales Another indicator of consumer spending trends.

Treasury Budget Consensus 30B

Money Supply

Friday 13

Consumer Sentiment Consensus 86

Retail Sales Consensus 0.0

Business Inventories-Consensus .3%Import and Export Prices Consensus .6%

RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy. Consumer spending accounts for two thirds of the economy, so this tends to be an important index.

Last weeks reports came in moderately strong, keeping upward pressure on interest rates. Crude Oil jumped last week as well, so we’ll see what the new week brings!

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