by Calculated Risk on 5/11/2024 08:11:00 AM

The key reports this week are April CPI, Retail Sales and Housing Starts.

For manufacturing, April Industrial Production, and the May NY and Philly Fed manufacturing surveys will be released.

----- Monday, May 13th -----
No major economic releases scheduled.

----- Tuesday, May 14th -----
6:00 AM ET: NFIB Small Business Optimism Index for April.

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

10:00 AM: Discussion, Fed Chair Jerome H. Powell, Moderated Discussion with Chair Powell and De Nederlandsche Bank (DNB) President Klaas Knot, At the Annual General Meeting, Foreign Bankers’ Association, Amsterdam

11:00 AM: NY Fed: Q1 Quarterly Report on Household Debt and Credit

----- Wednesday, May 15th -----
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 April from the BLS. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY).

8:30 AM ET: Retail sales for April 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 May. The consensus is for a reading of -10.8, up from -14.3.

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

----- Thursday, May 16th -----
8:30 AM ET: Housing Starts for April.

This graph shows single and total housing starts since 2000.

The consensus is for 1.410 million SAAR, up from 1.321 million SAAR in March.

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 222 thousand initial claims, down from 231 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for May. The consensus is for a reading of 8.0, down from 15.5.

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

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to be unchanged at 78.4%.

----- Friday, May 17th -----
10:00 AM: State Employment and Unemployment (Monthly) for April 2023