Looking Ahead: Week of July 9 to July 13
Market News International compiles a market consensus that surveys 15 to 20 economists each week.

Monday
The market consensus shows that consumer installment credit expanded $10.0 billion in May after growing a whopping $13.9 billion in April. This reflects some moderation in durable goods spending. (Forecast range: $6.5 to $12.5 billion)

Thursday
Market participants are expecting new jobless claims to increase 6,000 in the week ended July 7 from last week's 399,000 level. (Forecast range: -24,000 to +16,000)

Friday
Economists are predicting that retail sales rose 0.4 percent in June, after a meager 0.1 percent rise in May. This reflects some improvement in motor vehicle sales. (Forecast range: 0.0 to 0.6 percent) Excluding the volatile auto component, economists are looking for a 0.2 percent gain in retail spending. This would be less than the 0.3 percent gain posted in May and the 1.1 percent hike recorded in April. (Forecast range: -0.3 to +0.4 percent)

The producer price index is expected to decline 0.1 percent in June, reversing the previous month's 0.1 percent gain. Lower energy prices are putting downward pressure on the index. (Forecast range: -0.3 to +0.2 percent) Excluding food and energy, the PPI is expected to inch up 0.1 percent for the month. (Forecast range: -0.1 to +0.2 percent)