by Calculated Risk July 13, 2024 8:44 AM
The main reports this week are June retail sales and housing starts.
For manufacturing, the June industrial production report and the July New York and Philadelphia Fed manufacturing surveys will be released.
—– Monday, July 15th —–
8:30 a.m.: New York Fed Empire State Manufacturing Survey July is forecast at -6.0, unchanged from -6.0.
12:30pm: Debate with Fed Chairman Jerome PowellA conversation with David M. Rubenstein, President of the Washington DC Economic Club
—– Tuesday, July 16th —–
8:30 AM: Retail Sales June retail sales figures are due to be released. The consensus is that they will be unchanged.
This graph shows retail sales since 1992. It is seasonally adjusted monthly retail sales and food service sales (total and excluding gasoline).
10:00 AM: July NAHB Home Builder SurveyForecasts are calling for an increase to 44 from 43. A reading below 50 indicates that more builders see sales conditions as poor than as good.
—– Wednesday, July 17th —–
7:00 AM EST: The Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
8:30 AM ET: Housing starts For June.
This chart shows construction starts for single-family homes and multifamily housing since 1968.
The consensus is for SAAR 1.31 million, up from SAAR 1.277 million in May.
9:15 a.m.: The Fed Industrial production and capacity utilization For June.
This graph shows industrial production since 1967.
The consensus is that industrial production will grow by 0.3%, with capacity utilization rising to 78.6%.
2 pm: Federal Reserve Beige BookIt is an informal review by the Federal Reserve Bank of the current economic conditions in each district.
—– Thursday, July 18th —–
8:30 AM: Unemployment claims (weekly) The report is released. The consensus is that new claims are up to 228,000 from 222,000 last week.
8:30 AM: Philadelphia Fed Manufacturing Survey The July forecast calls for an increase from 1.0 to 2.9.
—– Friday, July 19th —–
10 am: State Employment and Unemployment (Monthly) June 2024
