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Schedule for Week of Feb 12, 2017

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The key economic reports this week are Retail Sales, Housing Starts, and the Consumer Price Index (CPI).

For manufacturing, January industrial production, and the February New York, and Philly Fed manufacturing surveys, will be released this week.

Fed Chair Janet Yellen is scheduled to deliver the Semiannual Monetary Policy Report to the Congress.

—– Monday, Feb 13th —–

No major economic releases scheduled.

—– Tuesday, Feb 14th—–

6:00 AM ET: NFIB Small Business Optimism Index for January.

8:30 AM: The Producer Price Index for January from the BLS. The consensus is for 0.3% increase in PPI, and a 0.2% increase in core PPI.

10:00 AM, Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

—– Wednesday, Feb 15th —–

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

Retail Sales8:30 AM ET: Retail sales for January will be released.  The consensus is for 0.1% increase in retail sales in January.

This graph shows retail sales since 1992 through December 2016.

8:30 AM: The Consumer Price Index for January from the BLS. The consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.

8:30 AM ET: The New York Fed Empire State manufacturing survey for February. The consensus is for a reading of 7.5, up from 6.5.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for January.

This graph shows industrial production since 1967.

The consensus is for no change in Industrial Production, and for Capacity Utilization to be unchanged at 75.5%.

10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of  68, up from 67 in January. Any number above 50 indicates that more builders view sales conditions as good than poor.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for December.  The consensus is for a 0.4% increase in inventories.

10:00 AM, Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.

—– Thursday, Feb 16th —–

Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for January.

The consensus is for 1.232 million, up from the December rate of 1.226 million.

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 246 thousand initial claims, up from 234 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of 23.6, up from 19.3.

—– Friday, Feb 17th —–

No major economic releases scheduled.
Calculated Risk

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