Schedule for Week of July 12, 2020

by Calculated Risk on 7/11/2020 08:11:00 AM

The key reports this week are June CPI, housing starts and retail sales.

For manufacturing, the June Industrial Production report and the July New York and Philly Fed manufacturing surveys will be released.

—– Monday, July 13th —–

No major economic releases scheduled.
—– Tuesday, July 14th —–

6:00 AM ET: NFIB Small Business Optimism Index for June.

8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.6% increase in CPI, and a 0.1% increase in core CPI.

—– Wednesday, July 15th —–

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 7.9, up from -0.2.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for June.

This graph shows industrial production since 1967.

The consensus is for a 4.6% increase in Industrial Production, and for Capacity Utilization to increase to 68.1%.

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

—– Thursday, July 16th —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 1.200 million initial claims, down from 1.314 million the previous week.

Year-over-year change in Retail Sales8:30 AM: Retail sales for June is scheduled to be released.  The consensus is for 5.5% 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 3.9% on a YoY basis in May.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 20.0, down from 27.5.

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 60, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Friday, July 17th —–

Total Housing Starts and Single Family Housing Starts8:30 AM ET: Housing Starts for June.

This graph shows single and total housing starts since 1968.

The consensus is for 1.180 million SAAR, up from 0.974 million SAAR in May.

10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for July).

10:00 AM: State Employment and Unemployment (Monthly) for June 2020

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