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Saturday, April 13, 2024

Schedule for Week of April 14, 2024

by Calculated Risk on 4/13/2024 08:11:00 AM

The key reports this week are March Retail Sales, Housing Starts and Existing Home Sales.

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

----- Monday, April 15th -----

Year-over-year change in Retail Sales 8:30 AM: Retail sales for March is scheduled to be released.  The consensus is for a 0.3% 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, increased by 2.0% on a YoY basis in February.

8:30 AM: The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -9.0, up from -20.9.

10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 51, unchanged from 51.  Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Tuesday, April 16th -----

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

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

The consensus is for 1.480 million SAAR, down from 1.521 million SAAR in February.

Industrial Production 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for March.

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 78.5%.

----- Wednesday, April 17th -----

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

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

----- Thursday, April 18th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 217 thousand initial claims, up from 211 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of 0.0, down from 3.2.

Existing Home Sales10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 4.20 million SAAR, down from 4.38 million.

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

----- Friday, April 19th -----

10:00 AM: State Employment and Unemployment (Monthly) for March 2024