Saturday, April 11, 2020

Schedule for Week of April 12, 2020

by Calculated Risk on 4/11/2020 08:11:00 AM

The key reports this week are March housing starts and retail sales, and weekly unemployment claims.

For manufacturing, the March Industrial Production report and the April NY and Philly Fed manufacturing surveys will be released this week.

----- Monday, Apr 13th -----

No major economic releases scheduled.

----- Tuesday, Apr 14th -----

6:00 AM ET: NFIB Small Business Optimism Index for March.

----- Wednesday, Apr 15th -----

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

Year-over-year change in Retail Sales8:30 AM: Retail sales for March is scheduled to be released.  The consensus is for a 3.0% decrease 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 4.9% on a YoY basis in February.

8:30 AM: The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -35.0, down from -21.5.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for March.

This graph shows industrial production since 1967.

The consensus is for a 4.1% decrease in Industrial Production, and for Capacity Utilization to decrease to 73.7%.

10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of  59, down from 72.  Any number above 50 indicates that more builders view sales conditions as good than poor.

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

----- Thursday, Apr 16th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 6.500 million initial claims, down from 6.606 million the previous week.

Total Housing Starts and Single Family Housing Starts8:30 AM ET: Housing Starts for March.

This graph shows single and total housing starts since 1968.

The consensus is for 1.307 million SAAR, down from 1.599 million SAAR in February.

8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of -30.0, down from -12.7.

----- Friday, Apr 17th -----

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