Saturday, August 13, 2016

Schedule for Week of Aug 14, 2016

by Bill McBride on 8/13/2016 08:09:00 AM

The key economic reports this week are July housing starts and the July Consumer Price Index (CPI).

For manufacturing, July industrial production, and the August New York and Philly Fed manufacturing surveys, will be released this week.

----- Monday, Aug 15th -----

8:30 AM ET: The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 2.5, up from 0.6.

10:00 AM: The August NAHB homebuilder survey. The consensus is for a reading of  60, up from 59 in July.  Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Tuesday, Aug 16th -----

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

Total housing starts increased to 1.189 million (SAAR) in June. Single family starts increased to 778 thousand SAAR in June.

The consensus for 1.180 million, down from the June rate.

8:30 AM: The Consumer Price Index for July from the BLS. The consensus is for a no change in CPI, and a 0.2% increase in core CPI.

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

This graph shows industrial production since 1967.

The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 75.5%.

----- Wednesday, Aug 17th -----

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

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

2:00 PM: the FOMC Minutes from the July 26-27, 2016 Meeting.

----- Thursday, Aug 18th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, down from 266 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for August. The consensus is for a reading of 2.0, up from -2.9.

----- Friday, Aug 19th -----

10:00 AM: Regional and State Employment and Unemployment (Monthly) for July 2016