by Bill McBride on 1/05/2013 08:06:00 AM
Saturday, January 05, 2013
Note: I'll post a summary for last week later today.
This will be a light week for economic data. The key report for this week will be the November trade balance report on Friday.
Also Reis will release their Q4 Office, Mall and Apartment vacancy rate surveys this week. Last quarter Reis reported falling vacancy rates for apartments, malls, and offices.
Early: Reis Q4 2012 Office survey of rents and vacancy rates.
Early: Reis Q4 2012 Apartment survey of rents and vacancy rates.
7:30 AM ET: NFIB Small Business Optimism Index for December. The consensus is for an increase to 87.9 from 87.5 in November.
3:00 PM: Consumer Credit for November from the Federal Reserve. The consensus is for credit to increase $13.2 billion in November.
Early: Reis Q4 2012 Mall Survey of rents and vacancy rates.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 362 thousand from 372 thousand last week.
10:00 AM: Job Openings and Labor Turnover Survey for November from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings increased in October to 3.675 million, up from 3.547 million in September. The number of job openings (yellow) has generally been trending up, and openings are up about 8% year-over-year compared to October 2011.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for November. The consensus is for a 0.3% increase in inventories.
8:30 AM: Trade Balance report for November from the Census Bureau.
Both exports and imports decreased in October. US trade has slowed recently.
The consensus is for the U.S. trade deficit to decrease to $41.1 billion in November from $42.2 billion in October. Export activity to Europe will be closely watched due to economic weakness. Note: the strike at the ports of Long Beach and Los Angeles started in late November and impacted this report.
8:30 AM: Import and Export Prices for December. The consensus is a 0.1% increase in import prices.