Monday, August 15, 2016

Tuesday: Housing Starts, CPI, Industrial Production

by Bill McBride on 8/15/2016 08:27:00 PM

From the Altanta Fed: GDPNow

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.5 percent on August 12, down from 3.7 percent on August 9.
From the NY Fed Nowcasting Report
The FRBNY Staff Nowcast stands at 2.4% for 2016:Q3
Tuesday:
• At 8:30 AM ET, 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.

• Also at 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.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for July. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 75.5%.