In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Saturday, January 11, 2025

Schedule for Week of January 12, 2024

by Calculated Risk on 1/11/2025 08:11:00 AM

The key reports this week are December CPI, retail sales, and housing starts.

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

----- Monday, January 13th -----

No major economic releases scheduled.

----- Tuesday, January 14th -----

6:00 AM: NFIB Small Business Optimism Index for December.

8:30 AM ET: The Producer Price Index for December from the BLS. The consensus is for a 0.4% increase in PPI, and a 0.3% increase in core PPI.

----- Wednesday, January 15th -----

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

8:30 AM: The Consumer Price Index for December from the BLS. The consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.  The consensus is for CPI to be up 2.9% year-over-year and core CPI to be up 3.3% YoY.

8:30 AM: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of -2.0, down from 0.2.

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

----- Thursday, January 16th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a increase to 215 thousand from 201 thousand last week.

Retail Sales8:30 AM: Retail sales for December is scheduled to be released.  The consensus is for a 0.5% 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 Philly Fed manufacturing survey for January. 

10:00 AM: The January NAHB homebuilder survey

The consensus is for a reading of 45, down from 46 the previous month. Any number below 50 indicates that more builders view sales conditions as poor than good.

----- Friday, January 17th -----

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

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

The consensus is for 1.315 million SAAR, up from 1.289 million SAAR.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December.

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 77.0%.