Schedule for the week of January 15, 2023

by calculated risks 1/14/2023 08:11:00 AM

The main reports this week are December retail sales, home construction and existing home sales.

For manufacturing, the December industrial production report and January manufacturing surveys will be released in New York and Philly.

—–Monday, January 16th—–

All US markets will be closed due to Martin Luther King Jr. Day

—–Tuesday, January 17th—–

8:30 a.m.: New York Federal Reserve The Empire State Manufacturing Survey for the month of January. The consensus read -8.7, up from -11.2.

—–Wednesday 18 January —–

7:00 a.m. ET: The Mortgage Bankers Association (MBA) will release results Index of mortgage applications.

8:30 am: retail In December it is scheduled to be released. The consensus is for a 0.8% decline in retail sales.

This graph shows retail sales since 1992. These are monthly retail and food service sales, seasonally adjusted (gross and former gasoline).

8:30 a.m. ET: IN Producer price index for the month of December from BLS. The consensus is for a 0.1% decrease in PPI and a 0.1% increase in the core PPI.

Industrial production9:15 a.m.: The Federal Reserve will release Industrial production and capacity utilization for the month of December.

This graph shows industrial production since 1967.

The consensus is for a 0.1% drop in industrial production, and capacity utilization is down to 79.6%.

10:00 am: January NAHB survey of housing construction. The consensus read at 31, unchanged from December 31. Any number below 50 indicates that more builders view sales conditions as bad than good.

2:00 in the afternoon: Federal Reserve Beige BookAn informal review by the Federal Reserve Banks of current economic conditions in their regions.

—–Thursday, January 19th—–

8:30 am: Initial weekly unemployment claims The report will be released. The consensus is 212,000 initial claims, up from 205,000 last week.

Total housing starts and single-family housing starts8:30 am: housing beginnings for the month of December.

This graph shows single- and multi-family housing started in 1968.

The consensus is at 1.358 million SAR, down from 1.427 million SAR.

8:30 am: Fedly Fed Manufacturing Survey for the month of January.

—–Friday, January 20th—–

Existing Home Sales10:00 AM: Existing Home Sales For the month of December from the National Association of Realtors (NAR). The consensus is 3.95 million SAR, down from 4.09 million.

The graph shows existing home sales from 1994 through last month’s report.

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