Schedule for Week of August 11, 2024

The key reports this week are July CPI, Retail Sales and Housing Starts.

For manufacturing, the Industrial Production report will be released.

----- Monday, August 12th -----
No major economic releases scheduled.

----- Tuesday, August 13th -----
6:00 AM ET: NFIB Small Business Optimism Index for July.

8:30 AM: The Producer Price Index for July from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI.

----- Wednesday, August 14th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.  The consensus is for CPI to be up 3.0% year-over-year and core CPI to be up 3.2% YoY.

----- Thursday, August 15th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 238 thousand initial claims, up from 233 thousand last week.

8:30 AM: Retail sales for July is scheduled to be released.  The consensus is for 0.3% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline)

8:30 AM: The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of -6.0, up from -6.6.

8:30 AM: the Philly Fed manufacturing survey for August. The consensus is for a reading of 6.5, down from 14.0.

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

This graph shows industrial production since 1967.

The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to decrease to 78.7%.

10:00 AM: The August NAHB homebuilder survey. The consensus is for a reading of 42, unchanged from 42. Any number below 50 indicates that more builders view sales conditions as poor than good.

----- Friday, August 16th -----
8:30 AM ET: Housing Starts for July.

This graph shows single and multi-family housing starts since 1968.

The consensus is for 1.342 million SAAR, down from 1.353 million SAAR in June.

10:00 AM: State Employment and Unemployment (Monthly) for July 2024

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for August)