by Calculated Risk August 10, 2024 8:11 AM
The main reports this week are the Consumer Price Index, Retail Sales and Housing Starts for July.
For manufacturing, the Industrial Production report will be released.
—– Monday, August 12th —–
No major economic data releases are scheduled.
—– Tuesday, August 13th —–
6am ET: NFIB Small Business Optimism Index July edition.
8:30 AM: Producer Price Index for July From the BLS. The consensus is for PPI to increase 0.2% and core PPI to increase 0.2%.
—– Wednesday, August 14th —–
7:00 AM EST: The Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
8:30 AM: July Consumer Price Index From the BLS. The consensus is for CPI to rise 0.2%, and for core CPI to rise 0.2%. The consensus is for CPI to rise 3.0% year-over-year, and for core CPI to rise 3.2% year-over-year.
—– Thursday, August 15th —–
8:30 AM: Unemployment claims (weekly) The report is released. The consensus is that new claims are up from 233,000 last week to 238,000.
8:30 AM: Retail sales July retail sales figures are due to be released. The consensus is for retail sales to increase 0.3%.
This graph shows retail sales since 1992. It is seasonally adjusted monthly retail sales and food services (excluding total and gasoline).
8:30 a.m.: New York Fed Empire State Manufacturing Survey The consensus forecast is for it to rise from -6.6 to -6.0 in August.
8:30 AM: Philadelphia Fed Manufacturing Survey The August forecast calls for it to fall to 6.5 from 14.0.
9:15 a.m.: The Fed Industrial production and capacity utilization July edition.
This graph shows industrial production since 1967.
The consensus is that industrial production will grow by 0.1%, with capacity utilization falling to 78.7%.
10:00 AM: August NAHB Home Builder SurveyThe consensus was 42, unchanged from 42. A reading below 50 indicates that more builders believe sales conditions are poor than those who believe they are good.
—– Friday, August 16th —–
8:30 AM EST Housing starts July edition.
This chart shows construction starts for single-family homes and multifamily housing since 1968.
The consensus is for 1.342 million SAAR, down from 1.353 million SAAR in June.
10AM: State Employment and Unemployment (Monthly) July 2024
10AM: University of Michigan Consumer Sentiment Index (August report)
