A strong jobs report last Friday ended the economic week on a positive note.
This week is likely to be a quiet one for economic data. New retail sales numbers are out as well as an update on the health of small businesses.
The National Federation of Independent Business releases its May small-business optimism index at 7:30 a.m. Hiring at small businesses fell in May, for the first time in five months.
April figures for wholesale trade — which measure wholesale inventory and sales — are expected to increase by 0.2 percent. They increased 0.4 percent in March.
The Job Openings and Labor Turnover index for April is out at 10 a.m. The index, released by the Bureau of Labor Statistics, is a more refined look at the job market.
Weekly jobless claims are expected to drop slightly to 345,000, from 346,000 last week.
Retail sales for May come out at 8:30 a.m. Sales are forecast to rise 0.4 percent. They were up 0.1 percent in April.
The import price index for May is also released at 8:30. This index serves as a measure of inflation. Analysts expect the index to remain unchanged from April, after a 0.5 percent decline in March.
The Census Bureau releases business inventory figures for April. They are expected to rise 0.3 percent, after remaining flat in March.
The producer price index for May is released at 8:30 a.m. The index gauges the change in prices of goods and services. It is forecast to rise 0.1 percent, after a decline of 0.7 percent in April because of a drop in gas prices.
The Federal Reserve releases industrial production data at 9:15 a.m. Production is expected to increase 0.2 percent in May, following a decline of 0.5 percent in April.