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Schedule for Week of July 16, 2023


The key reports this week are June Retail Sales, Housing Starts and Existing Home Sales.

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

—– Monday, July 17th —–

8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 0.0, down from 6.6.

—– Tuesday, July 18th —–

8:30 AM: Retail sales for June is scheduled to be released.  The consensus is for 0.5% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for June.

This graph shows industrial production since 1967.

The consensus is for a no change in Industrial Production, and for Capacity Utilization to decrease to 79.5%.

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 55, unchanged from 55. Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Wednesday, July 19th —–

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

8:30 AM ET: Housing Starts for June.

This graph shows single and multi-family housing starts since 1968.

The consensus is for 1.450 million SAAR, down from 1.631 million SAAR in May.

During the day: The AIA’s Architecture Billings Index for June (a leading indicator for commercial real estate).

—– Thursday, July 20th —–

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 246 thousand initial claims, up from 237 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of -10.0, up from -13.7.

10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 4.23million SAAR, down from 4.30 million last month.

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

—– Friday, July 21st —–

10:00 AM: State Employment and Unemployment (Monthly) for June 2023

July 14th COVID Update: New Pandemic Lows for Deaths and Hospitalizations

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