RSS Feed by Calculated Risk on 7/20/2024 09:32:00 AM
Saturday, July 20, 2024
Schedule for Week of July 21, 2024
The key report this week is the advance estimate of Q2 GDP.
Other key reports include June Existing Home Sales, New Home Sales, and Personal Income and Outlays.
For manufacturing, the July Richmond and Kansas City Fed manufacturing surveys will be released.
8:30 AM ET: Chicago Fed National Activity Index for June. This is a composite index of other data.
10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 4.00 million SAAR, down from 4.11 million last month.The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report sales of 3.93 million SAAR for June.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for July.
----- Wednesday, July 24th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: New Home Sales for June from the Census Bureau.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 640 thousand SAAR, up from 619 thousand in May.
During the day: The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).
----- Thursday, July 25th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 238 thousand initial claims, down from 243 thousand last week.
8:30 AM: Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 1.8% annualized in Q2, up from 1.4% in Q1.
8:30 AM: Durable Goods Orders for June from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.
11:00 AM: Kansas City Fed Survey of Manufacturing Activity for July.
----- Friday, July 26th -----
8:30 AM ET: Personal Income and Outlays, June 2024. The consensus is for a 0.4% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.6% YoY.
10:00 AM: University of Michigan's Consumer sentiment index (Final for July). The consensus is for a reading of 66.0.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for July.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: New Home Sales for June from the Census Bureau. This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 640 thousand SAAR, up from 619 thousand in May.
During the day: The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 238 thousand initial claims, down from 243 thousand last week.
8:30 AM: Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 1.8% annualized in Q2, up from 1.4% in Q1.
8:30 AM: Durable Goods Orders for June from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.
11:00 AM: Kansas City Fed Survey of Manufacturing Activity for July.
8:30 AM ET: Personal Income and Outlays, June 2024. The consensus is for a 0.4% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.6% YoY.
10:00 AM: University of Michigan's Consumer sentiment index (Final for July). The consensus is for a reading of 66.0.
