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Saturday, June 15, 2024

Schedule for Week of June 16, 2024

by Calculated Risk on 6/15/2024 08:11:00 AM

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

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

----- Monday, June 17th -----

8:30 AM: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -13.0, up from -15.6.

----- Tuesday, June 18th -----

Retail Sales8:30 AM: Retail sales for May is scheduled to be released.  The consensus is for a 0.3% 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). 

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

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 78.6%.

----- Wednesday, June 19th -----

All US markets will be closed in observance of Juneteenth National Independence Day

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

10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of 46, up from 45 last month. Any number above 50 indicates that more builders view sales conditions as poor than good.
----- Thursday, June 20th -----

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

This graph shows single and total housing starts since 1968.

The consensus is for 1.380 million SAAR, up from 1.360 million SAAR in April.

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 240 thousand initial claims, down from 242 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of 4.5, unchanged from 4.5 last month.

----- Friday, June 21st -----

Existing Home Sales10:00 AM: Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 4.10 million SAAR, down from 4.14 million.

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