Friday's Economic Calendar

[Blue tinted image of thumbtack in calendar with light rays]
kyoshino/E+ via Getty Images

8:30 AM RETAIL SALES

Retail sales measure the total receipts at stores that sell merchandise and related services to final consumers.

Retail sales are seen up 0.5 percent in July on the month and up 0.3 percent ex-autos.

8:30 AM EMPIRE STATE MANUFACTURING INDEX

The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent various industries. On the first of each month, the same pool of roughly 200 manufacturing executives is sent a questionnaire to report the change in an assortment of indicators from the previous month.

The Empire index is expected to slip to 0.5 in August from 5.5 in July.

8:30 AM IMPORT AND EXPORT PRICES

Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are compiled for the prices of goods sold abroad but produced domestically.

Import prices are expected to be up 0.1 percent on the month and down 0.2 percent on the year. Export prices seen up 0.1 percent on the month too.

9:15 AM INDUSTRIAL PRODUCTION

The Federal Reserve's monthly index of industrial production and the related capacity indexes and capacity utilization rates cover manufacturing, mining, and electric and gas utilities.

Another muted showing for industrial production with output flat and capacity utilization unchanged at 77.6 percent.

10:00 AM BUSINESS INVENTORIES

Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers.

Business inventories expected up 0.2 percent on the month.

10:00 AM CONSUMER SENTIMENT

The University of Michigan's Consumer Survey Center questions households each month on their assessment of current conditions and expectations of future conditions.

Another modest improvement is expected at 62.1 in the preliminary August report versus 61.7 in July and 60.7 in June.

1:00 PM BAKER HUGHES RIG COUNT

The Baker Hughes North American rig count tracks weekly changes in the number of active operating oil & gas rigs.

4:00 PM TREASURY INTERNATIONAL CAPITAL

These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities.

MORE ON U.S. ECONOMY

* 10-Year U.S. Treasury Yield 'Fair Value' Estimate Steady In July [https://seekingalpha.com/article/4813195-10-year-us-treasury-yield-fair-value-estimate-steady-in-july]
* Volatility Risk Indicators Revert To Lower Seasonal Norms [https://seekingalpha.com/article/4813001-volatility-risk-indicators-revert-lower-seasonal-norms]
* August 2025 Commentary And Economic Outlook [https://seekingalpha.com/article/4812228-august-2025-commentary-economic-outlook]
* US2Y jumps as hot PPI print fuels inflation concerns and puts Fed rate path in focus [https://seekingalpha.com/news/4485404-us2y-jumps-as-hot-ppi-print-fuels-inflation-concerns-and-puts-fed-rate-path-in-focus]
* S&P and Dow end lower, Nasdaq ekes out gain as traders weigh weak bond sale, Trump tariffs [https://seekingalpha.com/news/4481416-stock-market-news-today-nasdaq-sp500-dow-jones]