RSS Feed by Calculated Risk on 1/11/2020 08:11:00 AM
Saturday, January 11, 2020
Schedule for Week of January 12, 2020
The key reports this week are December housing starts, CPI and retail sales.
For manufacturing, the December Industrial Production report and the January NY and Philly Fed manufacturing surveys will be released.
No major economic releases scheduled.
6:00 AM: NFIB Small Business Optimism Index for December.
8:30 AM: The Consumer Price Index for December from the BLS. The consensus is for 0.2% increase in CPI, and a 0.2% increase in core CPI.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM ET: The Producer Price Index for December from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI.
8:30 AM: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 4.0, up from 3.5.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 216,000 initial claims, up from 214,000 last week.
8:30 AM: Retail sales for December is scheduled to be released. The consensus is for a 0.3% increase in retail sales.This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. In November, Retail and Food service sales, ex-gasoline, increased by 3.8% on a YoY basis.
8:30 AM: the Philly Fed manufacturing survey for January. The consensus is for a reading of 3.4, up from 2.4.
10:00 AM: The January NAHB homebuilder survey. The consensus is for a reading of 74, down from 76. Any number above 50 indicates that more builders view sales conditions as good than poor.
10:00 AM: Speech by Fed Governor Michelle Bowman, The Outlook for Housing, At the Home Builders Association of Greater Kansas City: 2020 Economic Forecast Breakfast, Kansas City, Mo.
8:30 AM: Housing Starts for December. This graph shows single and total housing starts since 1968.
The consensus is for 1.378 million SAAR, up from 1.365 million SAAR.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December.This graph shows industrial production since 1967.
The consensus is for a 0.1% decrease in Industrial Production, and for Capacity Utilization to be decrease to 77.1%.
10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for January). The consensus is for a reading of 99.3.
10:00 AM ET: Job Openings and Labor Turnover Survey for November from the BLS. This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings increased in October to 7.267 million from 7.032 million in September.
The number of job openings (yellow) were down 4% year-over-year, and Quits were up 1% year-over-year.
