Saturday, November 12, 2016

Schedule for Week of Nov 13, 2016

by Bill McBride on 11/12/2016 08:11:00 AM

The key economic reports this week are October Retail Sales, Housing Starts, and the Consumer Price Index (CPI).

For manufacturing, October industrial production, and the November New York, Philly and Kansas City Fed manufacturing surveys, will be released this week.

Fed Chair Janet Yellen will testify to Congress on Thursday on the economic outlook.

----- Monday, Nov 14th -----

No economic releases scheduled.

----- Tuesday, Nov 15th-----

Retail Sales8:30 AM ET: Retail sales for October will be released.  The consensus is for 0.6% increase in retail sales in October.

This graph shows retail sales since 1992 through September 2016.

8:30 AM ET: The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of -2.3, up from -6.8.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for September.  The consensus is for a 0.2% increase in inventories.

----- Wednesday, Nov 16th -----

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

8:30 AM: The Producer Price Index for October from the BLS. The consensus is for a 0.3% increase in prices, and a 0.2% increase in core PPI.

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

This graph shows industrial production since 1967.

The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 75.4%.

10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  63, unchanged from 63 in October. Any number above 50 indicates that more builders view sales conditions as good than poor.

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

----- Thursday, Nov 17th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 257 thousand initial claims, up from 254 thousand the previous week.

8:30 AM: The Consumer Price Index for October from the BLS. The consensus is for 0.4% increase in CPI, and a 0.2% increase in core CPI.

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

Total housing starts decreased to 1.047 million (SAAR) in September. Single family starts increased to 783 thousand SAAR in September.

The consensus is for 1.168 million, up from the September rate.

8:30 AM: the Philly Fed manufacturing survey for November. The consensus is for a reading of 8.0, down from 9.7.

10:00 AM, Testimony by Fed Chair Janet Yellen, The Economic Outlook, Before the Joint Economic Committee of Congress, U.S. Congress, Washington, D.C.

----- Friday, Nov 18th -----

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

11:00 AM: the Kansas City Fed manufacturing survey for November.