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Wednesday, April 14, 2021

Thursday: Retail Sales, Unemployment Claims, NY and Philly Fed Mfg, Industrial Production, Homebuilder Survey

by Calculated Risk on 4/14/2021 09:00:00 PM

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 720 thousand from 744 thousand last week.

• Also at 8:30 AM, Retail sales for March is scheduled to be released.  The consensus is for a 5.5% increase in retail sales.  The consensus is probably low (given the stimulus checks).

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of 18.2, up from 17.4.

• Also at 8:30 AM, the Philly Fed manufacturing survey for April. The consensus is for a reading of 43.0, down from 51.8.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for March. The consensus is for a 3.0% increase in Industrial Production, and for Capacity Utilization to increase to 75.8%.

• At 10:00 AM, The April NAHB homebuilder survey. The consensus is for a reading of  83, up from 82.  Any number above 50 indicates that more builders view sales conditions as good than poor.