RSS Feed by Calculated Risk on 4/13/2013 01:06:00 PM
Saturday, April 13, 2013
Schedule for Week of April 14th
Earlier:
• Summary for Week Ending April 12th
There are two key housing reports that will be released this week: March housing starts on Tuesday, and the April homebuilder confidence survey on Monday.
Also, for manufacturing, the March Industrial Production survey will be released on Tuesday. Also for manufacturing, the NY Fed (Empire State) and Philly Fed April surveys will be released this week.
For prices, CPI for March will be released on Tuesday.
8:30 AM: NY Fed Empire Manufacturing Survey for April. The consensus is for a reading of 7.5, down from 9.2 in March (above zero is expansion).
10:00 AM ET: The April NAHB homebuilder survey. The consensus is for a reading of 45, up from 44 in March. Although this index has increased sharply in 2012, any number below 50 still indicates that more builders view sales conditions as poor than good.
8:30 AM: Housing Starts for March. Total housing starts were at 917 thousand (SAAR) in February, 0.8% above the revised January estimate of 910 thousand. Single family starts increased to 618 thousand in February and are at the highest level since June 2008.
The consensus is for total housing starts to increase to 930 thousand (SAAR) in March, up from 917 thousand in February.
8:30 AM: Consumer Price Index for March. The consensus is no change in CPI in March (due to lower gasoline prices) and for core CPI to increase 0.2%.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for March.This shows industrial production since 1967 through January.
The consensus is for a 0.2% increase in Industrial Production in March, and for Capacity Utilization to decrease to 78.3%.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
2:00 PM: Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts. Analysts will look for signs of a slow down.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 347 thousand from 346 thousand last week. The "sequester" budget cuts might be starting to impact weekly claims.
10:00 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of minus 3.3, up from 2.0 last month (above zero indicates expansion).
1:00 PM: Speech by Fed Governor Sarah Bloom Raskin, Reflections on Inequality and the Recent Business Cycle, At the 22nd Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, New York, New York
10:00 AM: Regional and State Employment and Unemployment (Monthly) for March 2013
