Saturday, February 13, 2016

Schedule for Week of February 14, 2016

by Bill McBride on 2/13/2016 08:11:00 AM

The key economic report this week is January housing starts on Wednesday.

For prices, PPI and CPI will be released this week.

From manufacturing, January Industrial Production and the February NY and Philly Fed manufacturing surveys will be released this week.

----- Monday, February 15th -----

All US markets are closed in observance of the Presidents' Day holiday.

----- Tuesday, February 16th -----

8:30 AM: NY Fed Empire State Manufacturing Survey for February. The consensus is for a reading of -10.0, up from -19.4.

10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of 61, up from 60 in December.  Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Wednesday, February 17th -----

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

Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for January.

Total housing starts decreased to 1.149 million (SAAR) in December. Single family starts decreased to 768 thousand SAAR in December.

The consensus for 1.175 million, up from December.

8:30 AM: The Producer Price Index for January from the BLS. The consensus is for a 0.2% decrease in prices, and a 0.1% increase in core PPI.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for January.

This graph shows industrial production since 1967.

The consensus is for a 0.4% decrease in Industrial Production, and for Capacity Utilization to increase to 76.7%.

During the day: The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).

2:00 PM: The Fed will release the FOMC Minutes for the Meeting of January 26-27, 2016

----- Thursday, February 18th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 275 thousand initial claims, up from 269 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of -2.5, up from -3.5.

----- Friday, February 19th -----

8:30 AM: The Consumer Price Index for January from the BLS. The consensus is for a 0.1% decrease in CPI, and a 0.1% increase in core CPI.