Schedule for Week of July 14, 2019

The key reports this week are June housing starts and retail sales.

For manufacturing, the Industrial Production report and the July New York and Philly Fed manufacturing surveys will be released.

----- Monday, July 15th -----
8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 0.5, up from -8.6.

----- Tuesday, July 16th -----
8:30 AM: Retail sales for June is scheduled to be released.  The consensus is for 0.1% increase 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 3.0% on a YoY basis in May.

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for June.

This graph shows industrial production since 1967.

The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to increase to 78.2%.

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 65, up from 64. Any number above 50 indicates that more builders view sales conditions as good than poor.

1:00 PM: Speech, Fed Chair Jerome Powell, Aspects of Monetary Policy in the Post-Crisis Era, At the French G7 Presidency 2019 – Bretton Woods: 75 Years Later, Thinking About the Next 75, Paris, France

----- Wednesday, July 17th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM ET: Housing Starts for June.

This graph shows single and total housing starts since 1968.

The consensus is for 1.260 million SAAR, down from 1.269 million SAAR in May.

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

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, July 18th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 214 thousand initial claims, up from 209 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 4.5, up from 0.3.

----- Friday, July 19th -----
10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).

10:00 AM: State Employment and Unemployment (Monthly) for June 2019