by Calculated Risk on 10/11/2014 08:15:00 AM
Saturday, October 11, 2014
The key economic reports this week are September retail sales on Wednesday, and September housing starts on Friday.
For manufacturing, the September Industrial Production and Capacity Utilization report, and the October NY Fed (Empire State) and Philly Fed manufacturing surveys, will be released this week.
For prices, PPI will be released on Wednesday.
The is a federal/bank holiday. The Bond market will be closed in observance of the Columbus Day holiday. The stock market will be open for trading.
7:30 AM ET: NFIB Small Business Optimism Index for September.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM ET: Retail sales for September will be released.
This graph shows retail sales since 1992 through August 2014. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).On a monthly basis, retail sales increased 0.6% from July to August (seasonally adjusted), and sales were up 5.0% from August 2013.
The consensus is for retail sales to decrease 0.1% in September, and to increase 0.3% ex-autos.
8:30 AM: The Producer Price Index for September from the BLS. The consensus is for a 0.1% increase in prices, and a 0.1% increase in core PPI.
8:30 AM: NY Fed Empire Manufacturing Survey for October. The consensus is for a reading of 20.0, down from 27.5 in September (above zero is expansion).
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for August. The consensus is for a 0.4% increase in inventories.
2:00 PM: Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 290 thousand from 287 thousand.
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 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 79.0%.
10:00 AM: the Philly Fed manufacturing survey for October. The consensus is for a reading of 20.0, down from 22.5 last month (above zero indicates expansion).
10:00 AM: The October NAHB homebuilder survey. The consensus is for a reading of 59, unchanged from 59 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for September.
Total housing starts were at 956 thousand (SAAR) in August. Single family starts were at 643 thousand SAAR in August.
The consensus is for total housing starts to increase to 1.010 million (SAAR) in September.
9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for October). The consensus is for a reading of 84.2, down from 84.6 in September.