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Saturday, August 12, 2023

Schedule for Week of August 13, 2023

by Calculated Risk on 8/12/2023 08:11:00 AM

The key reports this week are July Retail Sales and Housing Starts.

For manufacturing, the Industrial Production report will be released.

----- Monday, August 14th -----

No major economic releases scheduled.

----- Tuesday, August 15th -----

Retail Sales8:30 AM: Retail sales for July is scheduled to be released.  The consensus is for 0.4% 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)

8:30 AM: The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of -0.7, down from 1.1.

10:00 AM: The August NAHB homebuilder survey. The consensus is for a reading of 56, unchanged from 56. Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Wednesday, August 16th -----

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

Multi Housing Starts and Single Family Housing Starts8:30 AM ET: Housing Starts for July.

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

The consensus is for 1.440 million SAAR, up from 1.434 million SAAR in June.

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

This graph shows industrial production since 1967.

The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 79.2%.

2:00 PM: FOMC Minutes, Meeting of July 25-26, 2023

----- Thursday, August 17th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 256 thousand initial claims, up from 248 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for August. The consensus is for a reading of -10.0, up from -13.5.

----- Friday, August 18th -----

10:00 AM: State Employment and Unemployment (Monthly) for July 2023