8:55a Redbook Chain Store Sales
Store Sales - Y/Y 2.2% actual vs 1.5% prior
Definition
A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report, produced by Redbook Research, offers early indications on ex-auto ex-gas retail sales.
9:00a S&P Corelogic Case-Shiller Home Price Index
20-City Adjusted - M/M 0.6% actual vs 0.0% prior
20-City Unadjusted - M/M 0.6% actual vs 0.2% prior
20-City Unadjusted - Y/Y 3.9% actual vs 3.5% prior
Consensus Outlook
Case-Shiller's 20-city adjusted index is expected to rise a monthly 0.2 percent in July versus no change in June. Year-on-year the index is expected to rise to 3.7 percent versus June's 3.5 percent.
Definition
The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction. Note that forecasters, in line with recommendations from Standard & Poor's questioning the accuracy of seasonal adjustments, track both seasonally adjusted and not seasonally adjusted monthly data for this indicator.
10:00a Consumer Confidence
Index 101.8 actual vs 86.3 (rev) prior
Consensus Outlook
Consumer confidence was lower in August, at 84.8, than it was at the depth of the crisis in April when the index was at 85.7. Econoday's consensus for August is modest improvement to 88.8.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.
Dan 
