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Saturday, April 08, 2023

Schedule for Week of April 9, 2023

by Calculated Risk on 4/08/2023 08:11:00 AM

The key reports this week are March CPI and retail sales.

For manufacturing, the March Industrial Production report will be released this week.

----- Monday, April 10th -----

No major economic releases scheduled.

----- Tuesday, April 11th -----

6:00 AM ET: NFIB Small Business Optimism Index for March.

----- Wednesday, April 12th -----

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

8:30 AM: The Consumer Price Index for March from the BLS. The consensus is for 0.3% increase in CPI (up 5.2% YoY) and a 0.4% increase in core CPI (up 5.6% YoY).

2:00 PM: FOMC Minutes, Meeting of March 21-22

----- Thursday, April 13th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 233 thousand initial claims, up from 228 thousand last week.

8:30 AM: The Producer Price Index for March from the BLS. The consensus is for a 0.0% increase in PPI, and a 0.3% increase in core PPI.

----- Friday, April 14th -----

Year-over-year change in Retail Sales8:30 AM: Retail sales for March is scheduled to be released.  The consensus is for a 0.4% decrease in retail sales. 

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 6.1% on a YoY basis in February.

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

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to decrease to 79.0%.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for April).