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Saturday, February 12, 2022

Schedule for Week of February 13, 2022

by Calculated Risk on 2/12/2022 08:11:00 AM

The key reports this week are January Housing Starts, Retail sales and Existing Home sales.

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

----- Monday, February 14th -----

No major economic releases scheduled.

----- Tuesday, February 15th -----

8:30 AM ET: The Producer Price Index for December from the BLS. The consensus is for a 0.5% increase in PPI, and a 0.5% increase in core PPI.

8:30 AM: The New York Fed Empire State manufacturing survey for February. The consensus is for a reading of 12.0, up from -0.7.

----- Wednesday, February 16th -----

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

Retail Sales8:30 AM: Retail sales for January is scheduled to be released.  The consensus is for a 1.8% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline were down 2.0% in December.

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

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 76.7%.

10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of 82, down from 83. Any number above 50 indicates that more builders view sales conditions as good than poor.

2:00 PM: FOMC Minutes, Meeting of Jan. 25-26

----- Thursday, February 17th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 222 thousand from 223 thousand last week.

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

This graph shows single and multi-family housing starts since 1968.

The consensus is for 1.700 million SAAR, down from 1.702 million SAAR.

8:30 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of 20.0, down from 23.2.

----- Friday, February 18th -----

Existing Home Sales10:00 AM: Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for 6.12 million SAAR, down from 6.18 million.

The graph shows existing home sales from 1994 through the report last month.