by Calculated Risk on 2/23/2019 08:11:00 AM
Saturday, February 23, 2019
Some key catch up reports this week! The key reports are Q4 GDP and December Housing Starts.
Other key reports include Case-Shiller house prices, and Personal Income and Outlays for December, and Personal Income for January.
For manufacturing, the February Dallas, Richmond and Kansas City manufacturing surveys will be released.
Fed Chair Jerome Powell will provide the semi-annual Monetary Policy report to Congress this week.
8:30 AM ET: Chicago Fed National Activity Index for January. This is a composite index of other data.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for February.
8:30 AM ET: Housing Starts for December.
This graph shows single and total housing starts since 1968.
The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR.
9:00 AM: FHFA House Price Index for December 2018. This was originally a GSE only repeat sales, however there is also an expanded index.
9:00 AM: S&P/Case-Shiller House Price Index for December.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).
The consensus is for a 4.5% year-over-year increase in the Comp 20 index for December.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for February.
10:00 AM: Testimony by Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Pending Home Sales Index for January. The consensus is for a 3.0% decrease in the index.
10:00 AM: Testimony by Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, up from 216 thousand the previous week.
8:30 AM: Gross Domestic Product, 4th quarter 2018 (Initial estimate). The consensus is that real GDP increased 2.4% annualized in Q4, down from 3.4% in Q3.
9:45 AM: Chicago Purchasing Managers Index for February. The consensus is for a reading of 55.8, down from 56.7 in January.
10:00 AM: the Q4 2018 Housing Vacancies and Homeownership from the Census Bureau.
11:00 AM: the Kansas City Fed manufacturing survey for February. This is the last of regional manufacturing surveys for February.
8:30 AM ET: Personal Income and Outlays for December, and Personal Income for January. The consensus is for a 0.4% increase in personal income, and for a 0.2% decrease in personal spending. And for the Core PCE price index to increase 0.2%. This release also includes Personal Income for January. The consensus is for a 0.4% increase in personal income.
10:00 AM: ISM Manufacturing Index for February. The consensus is for the ISM to be at 55.0, down from 56.6 in January.
Here is a long term graph of the ISM manufacturing index.
The PMI was at 56.6% in January, the employment index was at 55.5%, and the new orders index was at 58.2%.
10:00 AM: University of Michigan's Consumer sentiment index (Final for February). The consensus is for a reading of 95.5.