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Schedule for Week of November 14, 2021

The key economic reports this week are October Retail Sales and Housing Starts.

For manufacturing, October industrial production, and the November New York, Philly and Kansas City Fed surveys, will be released this week.

—– Monday, November 15th —–

8:30 AM: The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 20.1, up from 10.5.

—– Tuesday, November 16th —–

8:30 AM ET: Retail sales for October will be released.

The consensus is for a 1.1% 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 October.

This graph shows industrial production since 1967.

The consensus is for a 0.7% increase in Industrial Production, and for Capacity Utilization to increase to 75.7%.

10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  80, unchanged from 80. Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Wednesday, November 17th —–

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

8:30 AM: Housing Starts for October.

This graph shows single and total housing starts since 1968.

The consensus is for 1.580 million SAAR, up from 1.555 million SAAR.

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

—– Thursday, November 18th —–

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 260 thousand initial claims, down from 267 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for November. The consensus is for a reading of 24.0, up from 23.8.

11:00 AM: the Kansas City Fed manufacturing survey for November.

—– Friday, November 19th —–

10:00 AM: State Employment and Unemployment (Monthly) for October 2021 (And State Job Openings)

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