Saturday, August 03, 2013

Schedule for Week of August 4th

by Bill McBride on 8/03/2013 09:00:00 AM

The key reports this week are the ISM service index on Monday and the Trade deficit report on Tuesday.

The Fed's July Senior Loan Officer Survey will be released on Monday.

Yesterday on the employment report:
July Employment Report: 162,000 Jobs, 7.4% Unemployment Rate
Employment Report: Steady, but Slow Improvement
Graphs: Duration of Unemployment, Unemployment by Education, Construction Employment and Diffusion Indexes

----- Monday, August 5th -----

Early: The LPS June Mortgage Monitor report. This is a monthly report of mortgage delinquencies and other mortgage data.

10:00 AM: ISM non-Manufacturing Index for July. The consensus is for a reading of 53.0, up from 52.2 in June. Note: Above 50 indicates expansion, below 50 contraction.

2:00 PM ET: The July 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve.  This might show some slight loosening in lending standards.

----- Tuesday, August 6th -----

U.S. Trade Exports Imports 8:30 AM: Trade Balance report for June from the Census Bureau.

Imports increased in May, and exports decreased slightly.  

The consensus is for the U.S. trade deficit to decrease to $43.0 billion in June from $45.0 billion in May.

10:00 AM: Trulia Price Rent Monitors for July. This is the index from Trulia that uses asking house prices adjusted both for the mix of homes listed for sale and for seasonal factors.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for June 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 May to 3.828 million, up from 3.800 million in April. The number of job openings (yellow) has generally been trending up, but openings are only up 1% year-over-year compared to May 2012. 

Quits were up in May, and quits are up about 2% year-over-year. These are voluntary separations. (see light blue columns at bottom of graph for trend for "quits").

----- Wednesday, August 7th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

3:00 PM: Consumer Credit for June from the Federal Reserve. The consensus is for credit to increase $15.0 billion in June.

----- Thursday, August 8th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 336 thousand from 326 thousand last week.

----- Friday, August 9th -----

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for June. The consensus is for a 0.4% increase in inventories.