by Bill McBride on 12/27/2014 11:01:00 AM
Saturday, December 27, 2014
The key reports this week are the December ISM manufacturing survey on Friday, and the Case-Shiller house price index on Tuesday.
Happy New Year to All!
10:30 AM: Dallas Fed Manufacturing Survey for December. This is the last of the regional Fed surveys for December.
9:00 AM: S&P/Case-Shiller House Price Index for October. Although this is the October report, it is really a 3 month average of August, September and October prices.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the September 2014 report (the Composite 20 was started in January 2000).
The consensus is for a 4.9% year-over-year increase in the Composite 20 index for October. The Zillow forecast is for the National Index to increase 4.8% year-over-year in October.
10:00 AM: Conference Board's consumer confidence index for December. The consensus is for the index to increase to 93.0 from 88.7.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 286 thousand from 280 thousand.
9:45 AM: Chicago Purchasing Managers Index for December. The consensus is for a reading of 59.0, down from 60.8 in November.
10:00 AM ET: Pending Home Sales Index for November. The consensus is for a 0.5% increase in the index.
All US markets will be closed in observance of New Year's Day Holiday.
10:00 AM: ISM Manufacturing Index for December. The consensus is for a decrease to 57.5 from 58.7 in November.
Here is a long term graph of the ISM manufacturing index.
The ISM manufacturing index indicated solid expansion in November at 58.7%. The employment index was at 54.9%, and the new orders index was at 66.0%.
10:00 AM: Construction Spending for November. The consensus is for a 0.5% increase in construction spending.
Posted by Bill McBride on 12/27/2014 11:01:00 AM