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by Calculated Risk

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

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

—– Monday, November 16th —–


8:30 AM: The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 13.8, up from 10.5.

—– Tuesday, November 17th —–


Year-over-year change in Retail Sales8:30 AM ET: Retail sales for October will be released.

The consensus is for a 0.5% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 6.8% on a YoY basis.

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

This graph shows industrial production since 1967.

The consensus is for a 1.0% increase in Industrial Production, and for Capacity Utilization to increase to 72.4%.

10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  85, unchanged from 85. Any number above 50 indicates that more builders view sales conditions as good than poor.

11:00 AM: NY Fed: Q3 Quarterly Report on Household Debt and Credit

—– Wednesday, November 18th —–


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

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

This graph shows single and total housing starts since 1968.

The consensus is for 1.460 million SAAR, up from 1.415 million SAAR.

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

—– Thursday, November 19th —–


8:30 AM: The initial weekly unemployment claims report will be released. The consensus is initial claims decreased to 700 thousand from 709 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for November. The consensus is for a reading of 24.0, down from 32.3.

Existing Home Sales10:00 AM: Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 6.45 million SAAR, down from 6.54 million in September.

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

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

—– Friday, November 20th —–


10:00 AM: State Employment and Unemployment (Monthly) for October 2019

 

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