Friday's Economic Data

The federal government is open for business again Friday after a blizzard shut down Washington, delaying some economic reports.

Here's a list of what data is due out Friday:

January's retail sales data is released at 8:30 am New York time with analysts expecting a modest gain of 0.3 percent, which would reverse December's 0.3 percent decline. Stripping out auto sales from the numbers, economists predict a gain of 0.6 percent.

This will be followed by a preliminary reading of the University of Michigan's consumer sentiment index for February at 9:55 am. Forecasts for this month are at 75.0, while the January reading came in below expectations at 72.8.

At 10 am, December's business inventories data will be released, which details the amount of unsold stock held by manufacturers. Economists forecast an increase of 0.2 percent. Staying with manufacturers, at 10 am the Philadelphia Fed survey will be out, which focuses on the outlook for economic sentiment.

Next in line is the delayed EIA data, detailing the size of U.S. fuel inventories, which will be released at 11 am. A survey of analysts by Reuters forecasts crude inventories to have risen 1.5 million barrels last week, with distillate stockpiles falling and gasoline supplies gaining.