Economic Calendar: August 8-August 12

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, Aug. 8 No releases. Tuesday, Aug. 9 8:30 a.m. Productivity for Q2 -- preliminary Labor Department +2.2% +2.0% +3.2% +2.9% Unit labor costs +1.3% n.a. +3.6% +3.3% 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended Aug. 6 International Council of Shopping Centers and UBS -0.8% n.a. +0.9% +0.9% 9 a.m. Johnson Redbook Retail Sales Index for the week ended Aug. 6, vs. July Redbook Research +4.0% n.a. -0.8% -0.8%* 9 a.m. Federal Open Market Committee meeting Federal Reserve The Fed's monetary policymaking committee holds its fifth meeting of the year in Washington. Any change in monetary policy will be announced at around 2:10 p.m. Wednesday, Aug. 10 8 a.m. Mortgage Applications Survey for the week ended Aug. 5 -- Market Composite Index Mortgage Bankers Association 745.0 n.a. 752.1 752.1 Purchase Index 498.8 n.a. 494.5 494.5 11 a.m. Consumer Comfort Index for the week ended Aug.7 ABC News and Washington Post -8 n.a. -11 -11 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its five-year note auction, at which $13 billion of securities will be sold, with bids due at 1 p.m. The auction is the first leg of the quarterly refunding, which continues on Thursday. 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its 10-year note auction, at which $13 billion of securities will be sold, with bids due at 1 p.m. The auction is the second leg of the quarterly refunding, which concludes Thursday. 2 p.m. Federal budget for July FY '05 Treasury Department -$52.8B -$56.0B -$69.2B -$69.2B (July FY '04) Thursday, Aug. 11 8:30 a.m. Initial Jobless Claims for the week ended Aug. 6 Labor Department +308,000 +315,000 +314,000 +312,000 Four-week average +309,250 n.a. +316,500 +317,000 8:30 a.m. Retail sales for July Census Bureau +1.8% +1.9% +1.7% +1.7% Ex-autos +0.3% +0.8% +0.9% +0.7% 10 a.m. Business inventories for June Census Bureau +0.0% +0.1% +0.1% +0.1% Friday, Aug. 12 8:30 a.m. Import Price Index for July Labor Department +1.1% n.a. +1.0% +1.0% Export Price Index +0.1% n.a. -0.1% -0.1% 8:30 a.m. International trade for June Commerce Department -$58.8B -$57.1B -$55.3B -$55.3B 9:45 a.m. Consumer Sentiment Index for Aug. -- preliminary University of Michigan 92.7 96.0 96.5 96.5 10:30 a.m. Weekly Leading Index for the week ended Aug. 5 Economic Cycle Research Institute +2.6% n.a. +1.8% +1.8%

P-Preliminary forecast
*Month through previous Saturday, vs. prior month
Expectations as reported by Reuters

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