By Calculated Risk

The key reports this week are the third estimate of Q2 GDP, the September ISM manufacturing index, September auto sales, Personal Income and Outlays for August and Case-Shiller house prices for July.

For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week.

Fed Chair Powell testifies on Coronavirus and CARES Act this week.

—– Monday, September 27th —–

8:30 AM: Durable Goods Orders for August from the Census Bureau. The consensus is for a 0.7% increase in durable goods orders.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for September.

—– Tuesday, September 28th —–

9:00 AM: FHFA House Price Index for July. This was originally a GSE only repeat sales, however there is also an expanded index.

Case-Shiller House Prices Indices

9:00 AM: S&P/Case-Shiller House Price Index


for July.

This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).

The consensus is for a 20.0% year-over-year increase in the Comp 20 index for July.

10:00 AM: the Richmond Fed manufacturing survey for September. This is the last of the regional surveys for September.

10:00 AM, Testimony, Fed Chair Powell, Coronavirus and CARES Act, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs

—– Wednesday, September 29th —–

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

10:00 AM: Pending Home Sales Index for August. The consensus is 1.3% increase in the index.

11:45 AM: Discussion, Fed Chair Powell, Policy Panel Discussion, At the European Central Bank Forum on Central Banking

—– Thursday, September 30th —–

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 335 thousand initial claims, down from 351 thousand last week.

8:30 AM: Gross Domestic Product, 2nd quarter 2021 (Third estimate). The consensus is that real GDP increased 6.7% annualized in Q2, revised up from the second estimate of 6.6%.

9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for a reading of 65.0, down from 66.8 in August.

—– Friday, October 1st —–

8:30 AM: Personal Income and Outlays for August. The consensus is for a 0.3% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.2%.

10:00 AM: ISM Manufacturing Index for September. The consensus is for a reading of 59.5, down from 59.9 in August. 

10:00 AM: Construction Spending for August. The consensus is for a 0.3% increase.

Vehicle Sales

All day: Light vehicle sales for September.

The consensus is for sales of 13.4 million SAAR, up from 13.1 million SAAR in August (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the current sales rate.

Original Article – Calculated Risk

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