Saturday, September 29, 2018

Schedule for Week of September 30, 2018

by Bill McBride on 9/29/2018 08:11:00 AM

The key report this week is the September employment report on Friday.

Other key indicators include the September ISM manufacturing and non-manufacturing indexes, September auto sales, and the August trade deficit.

----- Monday, Oct 1st -----

ISM PMI10:00 AM: ISM Manufacturing Index for September.

Here is a long term graph of the ISM manufacturing index.

The PMI was at 61.3% in August, the employment index was at 58.5%, and the new orders index was at 65.1%.

10:00 AM: Construction Spending for August.

----- Tuesday, Oct 2nd -----

Vehicle SalesAll day: Light vehicle sales for September.

The BEA estimated sales of 16.596 million SAAR in August 2018 (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the current sales rate.

Early: Reis Q3 2018 Mall Survey of rents and vacancy rates.

8:00 AM: Corelogic House Price index for August.

----- Wednesday, Oct 3rd -----

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

8:15 AM: The ADP Employment Report for September. This report is for private payrolls only (no government).

Early: Reis Q3 2018 Office Survey of rents and vacancy rates.

10:00 AM: the ISM non-Manufacturing Index for September.

----- Thursday, Oct 4th -----

8:30 AM: The initial weekly unemployment claims report will be released.

----- Friday, Oct 5th -----

Year-over-year change employment8:30 AM: Employment Report for September.

There were 201,000 jobs added in August, and the unemployment rate was unchanged at 3.9%.

This graph shows the year-over-year change in total non-farm employment since 1968.

In August the year-over-year change was 2.33 million jobs.

A key will be the change in wages.

U.S. Trade Deficit 8:30 AM: Trade Balance report for August from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The U.S. trade deficit was at $50.1 billion in July.

3:00 PM: Consumer Credit from the Federal Reserve.