Monday, March 16, 2020

Tuesday: Retail Sales, Industrial Production, Homebuilder Survey, Job Openings

by Calculated Risk on 3/16/2020 06:59:00 PM

The retail sales and industrial production data is for February (pre-crisis), but the homebuilder survey was taken in March - and might show a sharp decline.

Tuesday:
• At 8:30 AM ET, Retail sales for February is scheduled to be released.  The consensus is for a 0.2% increase in retail sales.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for February. The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 77.0%.

• At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of  74, unchanged from 74.  Any number above 50 indicates that more builders view sales conditions as good than poor.

• At 10:00 AM, Job Openings and Labor Turnover Survey for January from the BLS.