by Bill McBride on 10/15/2016 08:08:00 AM
Saturday, October 15, 2016
The key economic reports this week are September housing starts, Existing Home Sales and Consumer Price Index (CPI).
For manufacturing, September industrial production, and the October New York and Philly Fed manufacturing surveys, will be released this week.
A key focus will be on the third Presidential debate on Wednesday, Oct 19th.
8:30 AM ET: The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 1.0, up from -2.0.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for September.
This graph shows industrial production since 1967.
The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 75.6%.
8:30 AM: The Consumer Price Index for September from the BLS. The consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.
10:00 AM: The October NAHB homebuilder survey. The consensus is for a reading of 63, down from 65 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for September.
Total housing starts decreased to 1.142 million (SAAR) in August. Single family starts decreased to 722 thousand SAAR in August.
The consensus for 1.180 million, up from the August rate.
During the day: The AIA's Architecture Billings Index for September (a leading indicator for commercial real estate).
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
At 9:00 PM ET, the Third Presidential Debate, at University of Nevada, Las Vegas, Las Vegas, NV
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 250 thousand initial claims, up from 246 thousand the previous week. Note: I expect a larger increase in claims than the consensus due to Hurricane Matthew.
8:30 AM: the Philly Fed manufacturing survey for October. The consensus is for a reading of 7.0, up from 12.8.
10:00 AM: Existing Home Sales for September from the National Association of Realtors (NAR).
The consensus is for 5.35 million SAAR, up from 5.33 million in August.
10:00 AM: Regional and State Employment and Unemployment (Monthly) for September 2016