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.