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Saturday, July 13, 2024

Schedule for Week of July 14, 2024

by Calculated Risk on 7/13/2024 08:44:00 AM

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

For manufacturing, the June Industrial Production report and the July New York and Philly Fed manufacturing surveys will be released.

----- Monday, July 15th -----

8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -6.0, unchanged from -6.0.

12:30 PM: Discussion, Fed Chair Jerome Powell, Conversation with David M. Rubenstein, Chairman of the Economic Club of Washington, D.C.

----- Tuesday, July 16th -----

Retail Sales8:30 AM: Retail sales for June is scheduled to be released.  The consensus is for no change in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 44, up from 43. Any number below 50 indicates that more builders view sales conditions as poor than good.

----- Wednesday, July 17th -----

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 June.

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

The consensus is for 1.310 million SAAR, up from 1.277 million SAAR in May.

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

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 78.6%.

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

----- Thursday, July 18th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 228 thousand initial claims, up from 222 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 2.9, up from 1.0.

----- Friday, July 19th -----

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