Week 12 of the 2020 U.S. Economic Calendar highlights several key home construction reports as well as the first look at manufacturing data since the Coronavirus outbreak in the United States.
The U.S. Stock Market continues to struggle against an ongoing Coronavirus situation domestically as well as abroad. Over the weekend, France and Spain announced total closures of non-essential government and business operations as Europe works to contain the worst spread of COVID-19 outside of China.
Cities across the United States announced their own measures in combating the virus, including total cancellation of gatherings of 50 people or more over the next eight weeks. All professional sports leagues in the United States have paused or delayed the seasons in an effort to protect fans and players, as well as all associated staffs.
Politically, former Vice President Joe Biden and Vermont Senator Bernie Sanders are the final two candidates vying to be the Democratic Nominee this fall. Both met in their first head-to-head debate Sunday evening.
Here are your key economic updates for the week ahead – March 16-20:
Monday, March 16
- New York Fed Empire State manufacturing survey – consensus down 4.4 from 12.9
- State Employment and Unemployment
Tuesday, March 17
- Retail Sales scheduled to be released
- NAHB Home Builder Survey
- Job Openings and Labor Survey
Wednesday, March 18
- MBA will release mortgage purchase applications index
- Housing Starts for February – consensus is 1.500 million down from 1.567 million
Thursday, March 19
- Weekly unemployment claims
- Philly Fed Manufacturing Survey
Friday, March 20
- Existing Home Sales