Economic Data Scheduled For Friday

• The Producer Price Index for December is scheduled for release at 8:30 a.m. ET. Producer prices are expected to rise 0.4% on monthly basis following a 0.1% increase in the previous month.
• Data on retail sales for December will be released at 8:30 a.m. ET. Analysts expect retail sales declining 0.1% in December following a 1.1% drop in November.
• The Empire State manufacturing index for January is scheduled for release at 8:30 a.m. ET. The index is projected to increase to 6.0 in January versus December’s reading of 4.9.
• Data on industrial production for December will be released at 9:15 a.m. ET. For December, a monthly rise of 0.5% is expected in industrial production.
• Data on business inventories for November will be released at 10:00 a.m. ET. Business inventories are likely to rise 0.4% in November versus a 0.7% increase in the previous month.
• The University of Michigan's consumer sentiment index for January is scheduled for release at 10:00 a.m. ET. The index is expected to decline slightly to 80.0 in January, versus December's final reading of 80.7.
• Federal Reserve Bank of Minneapolis President Neel Kashkari is set to speak at 11:30 a.m. ET.
• The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

Check out the full economic calendar here