In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Sunday, April 02, 2023

Monday: ISM Mfg, Construction Spending, Vehicle Sales

by Calculated Risk on 4/02/2023 06:42:00 PM

Schedule for Week of April 2, 2023

• At 10:00 AM ET, ISM Manufacturing Index for March. The consensus is for the ISM to be at 47.5, down from 47.7 in February.  

• Also at 10:00 AM, Construction Spending for February. The consensus is for 0.1% decrease in construction spending.

• All day, Light vehicle sales for March. The consensus is for light vehicle sales to be 14.9 million SAAR in March, unchanged from 14.9 million in February (Seasonally Adjusted Annual Rate).

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are down slightly (fair value).

Oil prices were up over the last week with WTI futures at $75.67 per barrel and Brent at $79.89 per barrel. A year ago, WTI was at $99, and Brent was at $106 - so WTI oil prices are DOWN 23% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.48 per gallon. A year ago, prices were at $4.20 per gallon, so gasoline prices are down $0.72 per gallon year-over-year.