NEW! CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Saturday, January 09, 2021

Schedule for Week of January 10, 2021

by Calculated Risk on 1/09/2021 08:11:00 AM

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

For manufacturing, the December Industrial Production report and the January NY Fed manufacturing survey will be released.

----- Monday, Jan 11th -----

No major economic releases scheduled.

----- Tuesday, Jan 12th -----

6:00 AM: NFIB Small Business Optimism Index for December.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for November 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 increased in October to 6.652 million from 6.494 million in September.

The number of job openings (yellow) were down 9% year-over-year, and Quits were up 10% year-over-year.

----- Wednesday, Jan 13th -----

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

8:30 AM: The Consumer Price Index for December from the BLS. The consensus is for 0.4% increase in CPI, and a 0.1% increase in core CPI.

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

----- Thursday, Jan 14th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for an increase to 850 thousand from 787 thousand last week.

12:30 PM: Discussion, Fed Chair Jerome Powell, "A Conversation with Federal Reserve Chair Jerome Powell", At a livestream event hosted by Markus Brunnermerier, Director, Princeton University Bendheim Center for Finance

----- Friday, Jan 15th -----

Year-over-year change in Retail Sales8:30 AM: Retail sales for December is scheduled to be released.  The consensus is for a 0.2% decrease in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. In November, Retail and Food service sales, ex-gasoline, increased by 5.9% on a YoY basis.

8:30 AM ET: The Producer Price Index for December from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.2% increase in core PPI.

8:30 AM: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 5.5, up from 4.9.

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

This graph shows industrial production since 1967.

The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 73.5%.

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