by Calculated Risk on 4/25/2020 08:11:00 AM

The key report scheduled for this week is Q1 GDP.

Other key reports include Case-Shiller house prices, ISM Manufacturing survey, Vehicle Sales and Personal Income and Outlays for March.

For manufacturing, the April Dallas and Richmond manufacturing surveys will be released.

The FOMC meets this week, and no change to policy is expected at this meeting.

----- Monday, Apr 27th -----
10:30 AM: Dallas Fed Survey of Manufacturing Activity for April.

----- Tuesday, Apr 28th -----
9:00 AM: S&P/Case-Shiller House Price Index for February.

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 3.1% year-over-year increase in the Comp 20 index for February.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for April. This is the last of regional manufacturing surveys for April.

10:00 AM: the Q1 2020 Housing Vacancies and Homeownership from the Census Bureau.

----- Wednesday, Apr 29th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Gross Domestic Product, 1st quarter 2020 (Advance estimate). The consensus is that real GDP decreased 4.0% annualized in Q1, down from 2.1% in Q4.

10:00 AM: Pending Home Sales Index for March. The consensus is for a 10.0% decrease in the index.

2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.

2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

----- Thursday, Apr 30th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 3.500 million initial claims, down from 4.427 million the previous week.

8:30 AM ET: Personal Income and Outlays, March 2020. The consensus is for a 1.4% decrease in personal income, and for a 5.0% decrease in personal spending. And for the Core PCE price index to decrease 0.1%.

9:45 AM: Chicago Purchasing Managers Index for April.

----- Friday, May 1st -----
10:00 AM: ISM Manufacturing Index for April. The consensus is for the ISM to be at 36.7, down from 49.1 in March.

Here is a long term graph of the ISM manufacturing index.

The PMI was at 49.1% in March, down from 50.1% in February. The employment index was at 43.8% and the new orders index was at 42.2%.

10:00 AM: Construction Spending for March. The consensus is for a 3.9% decrease in construction spending.

All day: Light vehicle sales for April. The consensus is for light vehicle sales to be 6.5 million SAAR in April, down from 11.4 million in March (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the sales rate for the previous month.