Saturday, May 09, 2020

Schedule for Week of May 10, 2020

by Calculated Risk on 5/09/2020 08:11:00 AM

The key reports this week are April CPI and retail sales.

For manufacturing, the April Industrial Production report will be released on Friday.

Fed Chair Jerome Powell speaks on Wednesday.

----- Monday, May 11th -----

No major economic releases scheduled.

----- Tuesday, May 12th -----

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

8:30 AM: The Consumer Price Index for April from the BLS. The consensus is for 0.7% decrease in CPI, and a 0.2% decrease in core CPI.

----- Wednesday, May 13th -----

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

9:00 AM, Speech, Fed Chair Jerome Powell, Current Economic Issues, At the Peterson Institute for International Economics (via webcast)

----- Thursday, May 14th -----

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for a 2.800 million initial claims, down from 3.169 million the previous week.

----- Friday, May 15th -----

Year-over-year change in Retail Sales8:30 AM ET: Retail sales for April is scheduled to be released.  The consensus is for 11.6% 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, decreased by 4.9% on a YoY basis in March.

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

This graph shows industrial production since 1967.

The consensus is for a 11.5% decrease in Industrial Production, and for Capacity Utilization to decline to 64.0%.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for May).

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for March from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in February to 6.882 million from 7.012 million in January.

The number of job openings (yellow) were down 2% year-over-year, and Quits were unchanged year-over-year.