by Bill McBride on 2/02/2013 01:11:00 PM
Saturday, February 02, 2013
• Summary for Week Ending Feb 1st
This will be a light week for economic data. The key report for this week will be the December trade balance report on Friday.
Also the Fed's January Senior Loan Officer Survey will be released on Monday, and the ISM service index will be released on Tuesday.
10:00 AM: Manufacturers' Shipments, Inventories and Orders (Factory Orders) for December. The consensus is for a 2.2% increase in orders.
2:00 PM: The January 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve. This might show some slight loosening in lending standards.
10:00 AM: ISM non-Manufacturing Index for January. The consensus is for a decrease to 55.0 from 55.7 in December. Note: Above 50 indicates expansion, below 50 contraction.
10:00 AM: Trulia Price Rent Monitors for January. This is the index from Trulia that uses asking prices adjusted both for the mix of homes listed for sale and for seasonal factors.
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 360 thousand from 368 thousand last week.
3:00 PM: Consumer Credit for December from the Federal Reserve. The consensus is for credit to increase $14.5 billion in December.
8:30 AM: Trade Balance report for December from the Census Bureau.
Both exports and imports increased in November. US trade has slowed recently.
The consensus is for the U.S. trade deficit to decrease to $46.0 billion in December from $48.7 billion in November.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for December. The consensus is for a 0.3% increase in inventories.