Saturday, December 21, 2013

Schedule for Week of December 22nd

by Bill McBride on 12/21/2013 12:47:00 PM

The key reports this week are Personal Income and Outlays for November on Monday, and November New Home Sales on Tuesday.

For manufacturing, the Richmond Fed December survey will be released on Tuesday.

Merry Christmas and Happy Holidays to All!

----- Monday, December 23rd -----

8:30 AM ET: Personal Income and Outlays for November. The consensus is for a 0.5% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.1%.

8:30 AM ET: Chicago Fed National Activity Index for November. This is a composite index of other data.

9:00 AM: Chemical Activity Barometer (CAB) for December from the American Chemistry Council. This appears to be a leading economic indicator.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for December). The consensus is for a reading of 83.5, up from the preliminary reading of 82.5, and up from the November reading of 75.1.

----- Tuesday, December 24th -----

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

8:30 AM: Durable Goods Orders for November from the Census Bureau. The consensus is for a 1.5% increase in durable goods orders.

9:00 AM: FHFA House Price Index for October 2013. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% increase.

New Home Sales10:00 AM: New Home Sales for November from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the October sales rate.

The consensus is for an increase in sales to 450 thousand Seasonally Adjusted Annual Rate (SAAR) in November from 444 thousand in October. 

10:00 AM: Richmond Fed Survey of Manufacturing Activity for December. The consensus is a reading of 10, down from 13 in November (above zero is expansion).

All US markets will close early.

----- Wednesday, December 25th -----

All US markets will be closed in observance of the Christmas Holiday.

----- Thursday, December 26th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 340 thousand from 379 thousand last week.

----- Friday, December 27th -----

No economic releases scheduled.