The key reports this week are February CPI, Retail Sales, and Housing Starts.
For manufacturing, the February Industrial Production report and the March NY and Philly Fed manufacturing surveys will be released.
—– Monday, March 13th —–
10:00 AM: State Employment and Unemployment (Monthly) for January 2023
—– Tuesday, March 14th —–
6:00 AM ET: NFIB Small Business Optimism Index for February.
8:30 AM: The Consumer Price Index for February from the BLS. The consensus is for a 0.4% increase in CPI, and a 0.4% increase in core CPI. The consensus is for CPI to be up 6.0% Year-over-year (YoY), and core CPI to be up 5.5% YoY.
—– Wednesday, March 15th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales ex-gasoline were up 3.2% in January.
8:30 AM: The Producer Price Index for February from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.4% increase in core PPI.
8:30 AM: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -7.7, down from -5.8.
10:00 AM: The March NAHB homebuilder survey. The consensus is for a reading of 41, down from 42. Any number below 50 indicates that more builders view sales conditions as poor than good.
This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.310 million SAAR, up from 1.309 million SAAR.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 205 thousand initial claims, down from 211 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for March. The consensus is for a reading of -14.8, up from -24.3.
This graph shows industrial production since 1967.
The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 78.5%.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for March).