by Calculated Risk on 3/28/2020 08:11:00 AM
Saturday, March 28, 2020
Schedule for Week of March 29, 2020
The key report scheduled for this week is the March employment report on Friday.
Other key reports include January Case-Shiller house prices, the February Trade Deficit and March Auto Sales.
For manufacturing, the March Dallas Fed survey and the ISM Manufacturing survey will be released.
10:00 AM: Pending Home Sales Index for February. The consensus is for a 1.0% decrease in the index.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for March. This is the last of the regional surveys for March.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).
The consensus is for a 3.2% year-over-year increase in the Comp 20 index for December.
9:45 AM: Chicago Purchasing Managers Index for March. The consensus is for a reading of 40.0, down from 49.0 in February.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for March. This report is for private payrolls only (no government). The consensus is for 154,000 payroll jobs lost in March, down from 183,000 added in February.
Here is a long term graph of the ISM manufacturing index.
The PMI was at 50.1% in February, the employment index was at 46.9%, and the new orders index was at 49.8%
10:00 AM: Construction Spending for February. The consensus is for a 0.6% increase in construction spending.
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the February sales rate.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 3.000 million initial claims, down from 3.283 million the previous week.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is the trade deficit to be $40.0 billion. The U.S. trade deficit was at $45.3 billion in January.
There were 273,000 jobs added in February, and the unemployment rate was at 3.5%.
This graph shows the year-over-year change in total non-farm employment since 1968.
In February, the year-over-year change was 2.409 million jobs.
10:00 AM: the ISM non-Manufacturing Index for March. The consensus is for a reading of 48.1, down from 57.3.