Tuesday, April 14, 2020

Wednesday: Retail Sales, Industrial Production, NY Fed Mfg, Homebuilder Survey, Beige Book

by Calculated Risk on 4/14/2020 07:52:00 PM

CR Note: These releases should start to show the impact from COVID-19. The mortgage purchase application survey will give us further hints about the housing market, as will the April homebuilder survey.

The NY Fed manufacturing survey is for April, and will probably be very weak. And the Beige Book will be through April 6th.

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

• At 8:30 AM, Retail sales for March is scheduled to be released.  The consensus is for a 3.0% decrease in retail sales.

• At 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.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for March. The consensus is for a 4.1% decrease in Industrial Production, and for Capacity Utilization to decrease to 73.7%.

• At 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.

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