by Calculated Risk on 6/13/2020 08:11:00 AM

The key reports this week are Retail sales and Housing Starts.

For manufacturing, the Industrial Production report, and the NY and Philly Fed manufacturing surveys, will be released this week.

----- Monday, June 15th -----
8:30 AM: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -27.5, up from -48.5.

----- Tuesday, June 16th -----
8:30 AM: Retail sales for May is scheduled to be released.  The consensus is for 8.0% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, decreased by 19.7% on a YoY basis in April.

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for May.

This graph shows industrial production since 1967.

The consensus is for a 3.0% increase in Industrial Production, and for Capacity Utilization to increase to 66.9%.

10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of 45, up from 37. Any number below 50 indicates that more builders view sales conditions as poor than good.

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

----- Wednesday, June 17th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM ET: Housing Starts for May.

This graph shows single and total housing starts since 1968.

The consensus is for 1.100 million SAAR, up from 0.891 million SAAR in April.

12:00 PM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives

----- Thursday, June 18th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 1.450 million initial claims, down from 1.542 million the previous week.

8:30 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of -25.0, up from -43.1.

----- Friday, June 19th -----
10:00 AM: State Employment and Unemployment (Monthly) for May 2020

1:00 PM: Discussion, Fed Chair Jerome Powell, At the Federal Reserve Bank of Cleveland Virtual Discussion on Building a Resilient Workforce During the COVID-19 Era