by Calculated Risk on 6/13/2020 08:11:00 AM
Saturday, June 13, 2020
The key reports this week are Retail sales and Housing Starts.
For manufacturing, the Industrial Production report, and the NY and Philly Fed manufacturing surveys, will be released this week.
8:30 AM: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -27.5, up from -48.5.
8:30 AM: Retail sales for May is scheduled to be released. The consensus is for 8.0% 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, decreased by 19.7% on a YoY basis in April.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for May.
This graph shows industrial production since 1967.
The consensus is for a 3.0% increase in Industrial Production, and for Capacity Utilization to increase to 66.9%.
10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of 45, up from 37. Any number below 50 indicates that more builders view sales conditions as poor than good.
10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
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 May.
This graph shows single and total housing starts since 1968.
The consensus is for 1.100 million SAAR, up from 0.891 million SAAR in April.
12:00 PM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 1.450 million initial claims, down from 1.542 million the previous week.
8:30 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of -25.0, up from -43.1.
10:00 AM: State Employment and Unemployment (Monthly) for May 2020
1:00 PM: Discussion, Fed Chair Jerome Powell, At the Federal Reserve Bank of Cleveland Virtual Discussion on Building a Resilient Workforce During the COVID-19 Era
Posted by Calculated Risk on 6/13/2020 08:11:00 AM