Economic calendar: Retail Sales and Industrial Production in the US 🔎

• Retail sales and industrial production in the USA
• CPI and industrial production from Canada

Today's macro calendar is rich in several important data points from the USA and Canada. Investors will first receive data on retail sales in the USA, which is expected to continue its slight rebound. According to forecasts, the month-on-month change is projected to be 0.5% compared to 0.3% last month.

Next, investors will get familiar with data on industrial production, CPI, and core CPI from Canada. Canada's CPI inflation is expected to be 3.0% year-on-year, compared to 3.4% in May. Shortly after, at 2:15 pm, the US industrial production will be published, which is estimated to remain unchanged year-on-year compared to a -0.2% change the previous month.

Detailed day's calendar:

1:30 pm - USA, June retail sales:

• Retail Sales: Expected 0.5% month-on-month; Previously 0.3% month-on-month
• Ex Autos: Expected 0.3% month-on-month; Previously 0.1% month-on-month

1:30 pm - Canada, June inflation:

• CPI Headline: Expected 3.0% year-on-year; Previously 3.4% year-on-year
• CPI core: Previously 3.7% year-on-year

1:30 pm - Canada, June industrial production:

• Expected: -0.1% month-on-month;
• Previously -1.0% month-on-month

2:15 pm - USA, June industrial production:

• Expected: 0.0% month-on-month;
• Previously -0.2% month-on-month

3:00 pm - USA, June NAHB Housing Index:

• Expected 56;
• Previously 55