Calculated Risk 2024/7/13 08:44:00 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 —–
8:30am: New York Fed Empire State Manufacturing Index for July. Consensus is -6.0, unchanged from -6.0.
12:30 PM: Discussion, Fed Chairman Jerome Powell in conversation with David M. Rubenstein, President of the Economic Club of Washington, D.C.
—– Tuesday, July 16th —–
8:30am: June retail sales figures are due to be released. The consensus is that retail sales 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 a.m.: NAHB Home Builders Survey for July. Consensus up from 43 to 44. Any number below 50 indicates more builders think sales are poor than those who think they are good.
—– Wednesday, July 17th —–
7:00 a.m. ET: The Mortgage Bankers Association (MBA) releases the results of its Mortgage Purchase Application Index.
8:30 a.m. 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.
9:15am: The Federal Reserve releases June industrial production and capacity utilization figures.
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%.
2pm: The Federal Reserve Beige Book, an informal summary by the Federal Reserve Bank of the current economic conditions in each district.
—– Thursday, July 18th —–
8:30 a.m.: The first report of weekly jobless claims is released. The consensus forecast is for initial claims of 228,000, up from 222,000 last week.
8:30 a.m.: Philadelphia Fed manufacturing survey for July. Consensus is expected to rise from 1.0 to 2.9.
—– Friday, July 19th —–
10am: State employment and unemployment, June 2024 (monthly)
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